Page 9 - July Housing Market SE Michigan

JULY 2023
SEMI HOUSING REPORT

West Bloomfield

Single-Family Homes
MONTHLY Closed Sales

87
JUN NEW LISTINGS YOY Sales
+9% from last month Monthly Sales and Avg $/SF
Apr -24%
61 120 May -19% $250
Jun -6%
NEW PENDINGS 100 $200
even with last month
80
58 $150
CLOSED SALES 60 $100
-3% from last month 40
$188 20 $50
PRICE PER SQ FT
-3% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$517K
AVG SALE PRICE Sales '21 Sales '22 Sales '23
+4% from last month $/SF '21 $/SF '22 $/SF '23

All Price Ranges

Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 64 80 87 615 413 -33%
New Pendings 53 61 61 384 305 -21%
Closed Sales 38 60 58 346 261 -25%
Price/SF $201 $193 $188 $203 $191 -6%
Avg Price $508,892 $499,525 $517,144 $525,107 $505,733 -4%
<$300k

Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 5 6 12 83 38 -54%
New Pendings 4 9 6 78 36 -54%
Closed Sales 4 4 3 55 29 -47%
Price/SF $142 $170 $180 $177 $167 -6%
$300k-$600k
Apr '23 May '23 Jun '23 YTD
'22 '23 (+/-)
Listings Taken 37 47 46 345 256 -26%
New Pendings 37 37 39 222 203 -9%
Closed Sales 27 42 37 210 173 -18%
Price/SF $168 $175 $172 $172 $170 -1%
>$600k
YTD
Apr '23 May '23 Jun '23
'22 '23 (+/-)
Listings Taken 22 27 29 187 119 -36%
New Pendings 12 15 16 84 66 -21%
Closed Sales 7 14 18 81 59 -27%
Price/SF $327 $237 $211 $262 $241 -8%
Data source: Realcomp MLS using Great Lakes Repository Data.

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