Page 5 - July Housing Market SE Michigan

JULY 2023
SEMI HOUSING REPORT

Birmingham

Single-Family Homes
MONTHLY Closed Sales

63
JUN NEW LISTINGS YOY Sales Monthly Sales and Avg $/SF
-7% from last month Apr -50%
43 80 May -25% $250
Jun -28%
NEW PENDINGS 70 $200
+8% from last month 60
32 50 $150
CLOSED SALES 40
-3% from last month 30 $100
$414 20 $50
10
PRICE PER SQ FT
+11% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$1.3M
AVG SALE PRICE Sales '21 Sales '22 Sales '23
+35% from last month $/SF '21 $/SF '22 $/SF '23

All Price Ranges

Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 45 68 63 363 294 -19%
New Pendings 23 40 43 242 187 -23%
Closed Sales 22 33 32 225 158 -30%
Price/SF $423 $372 $414 $359 $391 9%
Avg Price $1,104,588 $941,682 $1,269,975 $903,316 $1,011,978 12%
<$700k

Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 10 14 12 141 82 -42%
New Pendings 8 13 15 107 72 -33%
Closed Sales 7 12 7 107 61 -43%
Price/SF $303 $292 $357 $289 $305 5%
$700k-$1.4m
Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 16 28 29 125 105 -16%
New Pendings 7 16 16 95 67 -29%
Closed Sales 10 12 13 84 57 -32%
Price/SF $368 $340 $362 $332 $356 7%
>$1.4m
YTD
Apr '23 May '23 Jun '23
'22 '23 (+/-)
Listings Taken 19 26 22 97 107 10%
New Pendings 8 11 12 40 48 20%
Closed Sales 5 9 12 34 40 18%
Price/SF $542 $447 $457 $484 $467 -4%
Data source: Realcomp MLS using Great Lakes Repository Data.

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