Southeast Michigan December 2022
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4,001
Nov. New Listings
-25% from last month
3,290
New Pendings
-17% from last month
3,146
Closed Sales
-16% from last month
$292K
Avg. Sale Price
-3% from last month
$173
Price Per Sq. Ft.
-3% from last month
5-County Summary
All Price Ranges
| Sep | Oct | Nov | YTD ’21 | YTD ’22 | YTD (+/-) | |
| New Listings | 5,814 | 5,305 | 4,001 | 64,356 | 63,239 | -2% |
| New Pendings | 4,102 | 3,954 | 3,290 | 52,650 | 47,112 | -11% |
| Closed Sales | 4,413 | 3,766 | 3,146 | 49,518 | 43,669 | -12% |
| Price/SF | $179 | $178 | $173 | $169 | $182 | 8% |
| Avg Price | $298,298 | $300,730 | $291,817 | $293,991 | $307,890 | 5% |
<$250k
| Sep | Oct | Nov | YTD ’21 | YTD ’22 | YTD (+/-) | |
| New Listings | 3,023 | 2,838 | 2,221 | 33,347 | 31,649 | -5% |
| New Pendings | 2,126 | 2,186 | 1,929 | 27,767 | 24,301 | -12% |
| Closed Sales | 2,148 | 1,900 | 1,636 | 25,261 | 21,261 | -16% |
| Price/SF | $133 | $130 | $128 | $128 | $131 | 3% |
$250k to $500k
| Sep | Oct | Nov | YTD ’21 | YTD ’22 | YTD (+/-) | |
| New Listings | 1,953 | 1,725 | 1,289 | 22,393 | 22,099 | -1% |
| New Pendings | 1,468 | 1,325 | 1,073 | 19,018 | 17,007 | -11% |
| Closed Sales | 1,742 | 1,408 | 1,145 | 18,551 | 16,578 | -11% |
| Price/SF | $187 | $184 | $180 | $175 | $188 | 8% |
>$500k
| Sep | Oct | Nov | YTD ’21 | YTD ’22 | YTD (+/-) | |
| New Listings | 838 | 742 | 491 | 8,616 | 9,491 | 10% |
| New Pendings | 508 | 443 | 288 | 5,865 | 5,804 | -1% |
| Closed Sales | 523 | 458 | 365 | 5,706 | 5,830 | 2% |
| Price/SF | $236 | $242 | $233 | $224 | $241 | 8% |
