Southeast Michigan Real Estate Pulse: Your Current Market Insights
Welcome to our Southeast Michigan Real Estate Market Report page! Here, you’ll find comprehensive insights and analyses of the residential real estate market across the region. Our goal is to provide you with a clear understanding of current trends, property values, and market dynamics to help you make informed decisions. This report is meticulously updated on a quarterly basis, ensuring you always have access to the most recent data and expert commentary.
A Persistent Seller's Landscape
The real estate market in Southeast Michigan continues to favor sellers, characterized by a significant imbalance between low inventory and robust buyer demand. Despite some recent increases in active listings, the supply of homes remains well below what is needed for a balanced market. This ongoing scarcity means that properties are generally selling quickly, often attracting competitive offers and maintaining upward pressure on prices across the region.
KEY METRICS
July 2025
October 2025
Median home price
August 2024: Median home price
median home price
August 2025: median home price
AVERAGE DAYS ON THE MARKET
August 2024: AVERAGE DAYS ON THE MARKET
AVERAGE DAYS ON THE MARKET
August 2025: AVERAGE DAYS ON THE MARKET
Absorption Rate
August 2024: Absorption Rate
Absorption rate
August 2025: Absorption rate
Number of listings
August 2024: Number of listings
Number of listings
August 2025: Number of listings
%
Sold to List Ratio
%
August 2024: Sold to List Ratio
%
sold to list ratio
%
August 2025: sold to list ratio
DEMOGRAPHICS
%
mortage interest rate
%
mortgage interest rate
%
Unemployment rate
%
unemployment rate
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