Southeast Michigan October 2022
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5,603
Sept New Listings
-12% from last month
4,119
New Pendings
-19% from last month
4,376
Closed Sales
-7% from last month
$298K
Avg Sale Price
-7% from last month
$179
YTD Price Per Sq Ft
-4% from last month
5-County Summary
All Price Ranges
| Jul | Aug | Sep | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 3,766 | 3,975 | 3,722 | 33,343 | 31,404 | -6% |
| New Pendings | 3,986 | 4,344 | 3,508 | 36,854 | 34,042 | -8% |
| New Listings | 5,865 | 5,374 | 4,730 | 45,878 | 44,910 | -2% |
| Price/SF | $189 | $186 | $179 | $168 | $183 | 9% |
| Avg Price | $325,764 | $320,920 | $297,522 | $293,430 | $310,527 | 6% |
<$300k
| Jul | Aug | Sep | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 2,113 | 2,266 | 2,259 | 20,833 | 18,687 | -10% |
| New Pendings | 2,366 | 2,696 | 2,215 | 23,843 | 21,067 | -12% |
| New Listings | 3,393 | 3,333 | 2,934 | 28,690 | 26,824 | -7% |
| Price/SF | $149 | $146 | $144 | $136 | $143 | 5% |
$300k to $800k
| Jul | Aug | Sep | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 1,516 | 1,580 | 1,379 | 11,658 | 11,720 | 1% |
| New Pendings | 1,498 | 1,539 | 1,195 | 12,030 | 11,925 | -1% |
| New Listings | 2,246 | 1,811 | 1,584 | 15,277 | 16,118 | 6% |
| Price/SF | $201 | $199 | $198 | $184 | $200 | 9% |
>$800k
| Jul | Aug | Sep | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 137 | 129 | 84 | 852 | 997 | 17% |
| New Pendings | 122 | 109 | 98 | 981 | 1,050 | 7% |
| New Listings | 226 | 230 | 212 | 1,911 | 1,968 | 3% |
| Price/SF | $306 | $311 | $296 | $281 | $302 | 8% |
