September market data for Oakland, Macomb, Wayne, St Clair, Livingston, and Lapeer counties is now available. Below is the Y-O-Y comparison for the combined data.
- New Listings increased by 4.2% from 12,308 to 12,827.
- Pending Sales decreased by 5.3% from 9,074 to 8,597.
- Closed Sales decreased by 9.2% from 9,745 to 8,853.
- Average days on Market (DOM) increased by 3 days from 29 to 32.
- Median Sale Price increased by 5.9% from $255,000 to $270,000.
- Percentage of last list price received decreased slightly by .8% from 99.7% to 98.9%.
- Inventory of Homes for Sale increased by 16.2% from 19,805 to 23,021.
- Months-Supply of Inventory increased by 18.2% from 2.2 to 2.6.
- Average Showings per Home decreased from 7.4 to 6.8.
- Listings that were both listed and pended in the same month were at 3,529. This represents 27.5% of the new listings for the month and 41% of the pended listings.
Full analysis: