Blog > Housing Report > Southeast Michigan > Southeast Michigan August 2022
Southeast Michigan August 2022
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Available Listings
+15% from last month
New Pendings
-3% from last month
YTD Closed Sales
-7% from last year
YTD Avg Sale Price
+6% from last year
YTD Price Per Sq Ft
+10% from last year
Listings | Change | New Pendings | Change | Months Supply | Change | |
All | 8,253 | 15% | 4,838 | -3% | 1.7 | 18% |
$10k - $150k | 2,312 | 14% | 941 | 4% | 2.5 | 9% |
$150k - $250k | 1,487 | 23% | 1,399 | 0% | 1.1 | 23% |
$250k - $500k | 2,647 | 19% | 1,863 | -6% | 1.4 | 26% |
$500k+ | 1,807 | 5% | 635 | -9% | 2.8 | 15% |
YTD Closed | ’22 v ’21 | ’22 v ’20 | $/SF | ’22 v ’21 | ’22 v ’20 | |
All | 26,983 | -7% | 11% | $183 | 10% | 28% |
$10k - $150k | 5,605 | -13% | -23% | $89 | 3% | 10% |
$150k - $250k | 7,534 | -11% | 1% | $159 | 6% | 16% |
$250k - $500k | 10,135 | -5% | 27% | $190 | 10% | 23% |
$500k+ | 3,709 | 10% | 124% | $242 | 9% | 17% |
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After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]