Southeast Michigan Housing Report June 2024
SEMI 5-County Summary
5,755
May New Listings
+12% from last month
4,191
New Pendings
+7% from last month
3,635
Closed Sales
+8% from last month
$205
Price Per Sq. Ft.
+4% from last month
$352K
Avg. Sale Price
+8% from last month
All Price Ranges
| Mar ’24 | Apr’ 24 | May ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 4,318 | 5,116 | 5,755 | 23,467 | 22,825 | -3% |
| New Pendings | 3,465 | 3,904 | 4,191 | 17,273 | 17,253 | 0% |
| Closed Sales | 2,960 | 3,360 | 3,635 | 14,980 | 14,878 | -1% |
| Price/SF | $190 | $197 | $205 | $176 | $193 | 9% |
| Avg Price | $310,888 | $326,532 | $351,930 | $294,543 | $317,563 | 8% |
<$250k
| Mar ’24 | Apr ’24 | May ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,113 | 2,291 | 2,432 | 11,904 | 11,031 | -7% |
| New Pendings | 1,677 | 1,784 | 1,871 | 8,814 | 8,305 | -6% |
| Closed Sales | 1,463 | 1,514 | 1,531 | 7,674 | 7,138 | -7% |
| Price/SF | $127 | $126 | $129 | $123 | $126 | 2% |
$250k to $500k
| Mar ’24 | Apr ’24 | May ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,453 | 1,832 | 2,122 | 7,714 | 7,699 | 0% |
| New Pendings | 1,264 | 1,453 | 1,623 | 6,171 | 6,313 | 2% |
| Closed Sales | 1,055 | 1,313 | 1,413 | 5,412 | 5,456 | 1% |
| Price/SF | $201 | $204 | $209 | $187 | $202 | 8% |
>$500k
| Mar ’24 | Apr ’24 | May ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 752 | 993 | 1,201 | 3,849 | 4,095 | 6% |
| New Pendings | 524 | 667 | 697 | 2,288 | 2,635 | 15% |
| Closed Sales | 442 | 533 | 691 | 1,894 | 2,284 | 21% |
| Price/SF | $259 | $268 | $267 | $241 | $261 | 8% |
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