Blog > Housing Report > Southeast Michigan > Southeast Michigan September 2022
Southeast Michigan September 2022
Topics
- Housing Reports
Subscribe
Get the latest Michigan Housing Reports delivered straight to your inbox!
Topics
8,316
Available Listings
+1% from last month
5,668
New Pendings
-3% from last month
31,730
YTD Closed Sales
-7% from last year
$312K
YTD Avg Sale Price
+6% from last year
$184
YTD Price Per Sq Ft
+9% from last year
Monthly Activity
Monthly Activity
| Listings | Change | New Pendings | Change | Months Supply | Change | |
| All | 8,316 | 1% | 5,668 | 17% | 1.5 | -14% |
| $10k - $150k | 2,482 | 7% | 1,213 | 29% | 2.0 | -17% |
| $150k - $250k | 1,517 | 2% | 1,671 | 19% | 0.9 | -15% |
| $250k - $500k | 2,545 | -4% | 2,157 | 16% | 1.2 | -17% |
| $500k+ | 1,772 | -2% | 627 | -1% | 2.8 | -1% |
YTD Closed Activity
| YTD Closed | ’22 v ’21 | ’22 v ’20 | $/SF | ’22 v ’21 | ’22 v ’20 | |
| All | 31,730 | -7% | 6% | $184 | 9% | 27% |
| $10k - $150k | 6,431 | -13% | -26% | $89 | 3% | 9% |
| $150k - $250k | 8,857 | -11% | -2% | $160 | 6% | 15% |
| $250k - $500k | 12,044 | -6% | 19% | $189 | 9% | 23% |
| $500k+ | 4,398 | 10% | 104% | $242 | 8% | 16% |
Get our Michigan Housing Market Reports right in your inbox
Featured Stories
2 minutes Affordable housing depends on three key elements: income, mortgage rates, and housing prices. Higher wages expand buying power, while stagnant wages challenge affordability. When mortgage rates drop, generally, monthly payments [...]
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 [...]
©2024 Johnstone and Johnstone. All rights reserved.