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Southeast Michigan Housing Report February 2023


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SEMI 5-County Summary


Jan. New Listings
-25% from last month


New Pendings
+30% from last month


Closed Sales
-29% from last month


Price Per Sq. Ft.
+1% from last month


Avg. Sale Price
-1% from last month

All Price Ranges

Nov ’22Dec ’22Jan ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken4,0182,7813,4893,7983,489-8%
New Pendings3,1012,5393,2943,4883,294-6%
Closed Sales3,1723,1282,2283,1852,228-30%
Avg Price$291,349$269,710$268,008$271,662$268,008-1%


Nov ’22Dec ’22Jan ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,2451,7231,9222,2211,922-13%
New Pendings1,7951,4661,8872,0521,887-8%
Closed Sales1,6541,7801,2931,8651,293-31%

$250k to $500k

Nov ’22Dec ’23Jan ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,2897491,1011,0611,1014%
New Pendings1,0308161,0761,0601,0762%
Closed Sales1,1521,0247181,022718-30%


Nov ’22Dec ’22Jan ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken484309466516466-10%
New Pendings276257331376331-12%
Closed Sales366324217298217-27%

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