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Southeast Michigan November 2022

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5,264

Oct. New Listings
-8% from last month

3,940

New Pendings
-4% from last month

3,768

Closed Sales
-15% from last month

$301K

Avg Sale Price
+1% from last month

$178

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

5-County Summary

All Price Ranges

AugSepOctYTD ’21YTD ’22YTD (+/-)
Closed Sales4,6854,4133,76844,88440,525-10%
New Pendings5,1264,1023,94048,29343,801-9%
New Listings6,5475,7515,26459,63158,883-1%
Price/SF$186$179$178$169$1838%
Avg Price$321,045$298,298$300,620$294,380$309,1275%

<$300k

AugSepOctYTD ’21YTD ’22YTD (+/-)
Closed Sales2,6712,6862,33828,12824,243-14%
New Pendings3,1862,5922,60631,14127,298-12%
New Listings4,0623,5883,32237,32935,423-5%
Price/SF$147$144$141$137$1434%

$300k to $700k

AugSepOctYTD ’21YTD ’22YTD (+/-)
Closed Sales1,7691,5681,26514,95114,330-4%
New Pendings1,7391,3291,18215,16714,523-4%
New Listings2,1241,8161,64618,82819,8455%
Price/SF$196$196$193$182$1978%

>$700k

AugSepOctYTD ’21YTD ’22YTD (+/-)
Closed Sales2451591651,8051,9528%
New Pendings2011811521,9851,9800%
New Listings3613472963,4743,6154%
Price/SF$287$277$288$263$2837%

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