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
| Aug | Sep | Oct | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 4,685 | 4,413 | 3,768 | 44,884 | 40,525 | -10% |
| New Pendings | 5,126 | 4,102 | 3,940 | 48,293 | 43,801 | -9% |
| New Listings | 6,547 | 5,751 | 5,264 | 59,631 | 58,883 | -1% |
| Price/SF | $186 | $179 | $178 | $169 | $183 | 8% |
| Avg Price | $321,045 | $298,298 | $300,620 | $294,380 | $309,127 | 5% |
<$300k
| Aug | Sep | Oct | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 2,671 | 2,686 | 2,338 | 28,128 | 24,243 | -14% |
| New Pendings | 3,186 | 2,592 | 2,606 | 31,141 | 27,298 | -12% |
| New Listings | 4,062 | 3,588 | 3,322 | 37,329 | 35,423 | -5% |
| Price/SF | $147 | $144 | $141 | $137 | $143 | 4% |
$300k to $700k
| Aug | Sep | Oct | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 1,769 | 1,568 | 1,265 | 14,951 | 14,330 | -4% |
| New Pendings | 1,739 | 1,329 | 1,182 | 15,167 | 14,523 | -4% |
| New Listings | 2,124 | 1,816 | 1,646 | 18,828 | 19,845 | 5% |
| Price/SF | $196 | $196 | $193 | $182 | $197 | 8% |
>$700k
| Aug | Sep | Oct | YTD ’21 | YTD ’22 | YTD (+/-) | |
| Closed Sales | 245 | 159 | 165 | 1,805 | 1,952 | 8% |
| New Pendings | 201 | 181 | 152 | 1,985 | 1,980 | 0% |
| New Listings | 361 | 347 | 296 | 3,474 | 3,615 | 4% |
| Price/SF | $287 | $277 | $288 | $263 | $283 | 7% |
