Blog > Housing Report > Southeast Michigan > Southeast Michigan May 2022
Southeast Michigan May 2022
Topics
- Housing Reports
Subscribe
Get the latest Michigan Housing Reports delivered straight to your inbox!
Topics
4,456
Available Listings
+14% from last month
4,725
New Pendings
+6% from last month
13,659
YTD Closed Sales
-4% from last year
$293K
YTD Avg Sale Price
+7% from last year
$177
YTD Price Per Sq Ft
+12% from last year
5-County Activity Summary
Monthly Activity
| Listings | Change | New Pendings | Change | Months Supply | Change | |
| All | 4,456 | 14% | 4,725 | 6% | 0.9 | 8% |
| $10k - $150k | 1,534 | 7% | 1,064 | -3% | 1.4 | 10% |
| $150k - $250k | 707 | 14% | 1,335 | 6% | 0.5 | 8% |
| $250k - $500k | 1,141 | 19% | 1,708 | 11% | 0.7 | 7% |
| $500k+ | 1,074 | 20% | 618 | 9% | 1.7 | 10% |
YTD Closed Activity
| YTD Closed | 22 v 21 | 22 v 20 | $/SF | 22 v 21 | 22 v 20 | |
| All | 13,659 | -4% | 12% | $177 | 12% | 30% |
| $10k - $150k | 3,340 | -10% | -20% | $89 | 5% | 12% |
| $150k - $250k | 3,952 | -8% | 6% | $157 | 7% | 18% |
| $250k - $500k | 4,731 | -3% | 31% | $186 | 11% | 24% |
| $500k+ | 1,636 | 18% | 131% | $243 | 12% | 16% |
Get our Michigan Housing Market Reports right in your inbox
Featured Stories
Michigan Property Taxes in a Nutshell
2 minutes After several years of rapidly rising prices and mild inflation (until the past two years) homebuyers and sellers need to be aware of the potential for a significant jump between [...]
Southeast Michigan 2024 Housing: Trends and Predictions
2 minutes Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]
’23 Market Summary and ’24 Predictions
< 1 minute 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 [...]
©2024 Johnstone and Johnstone. All rights reserved.