![\"Overall](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/10\/HousingReport800.jpg\")
Overall home sales in metro Detroit were up 1.6 percent in September compared to last year while prices rose 5.6 percent. \/\/ Stock photo<\/p>\nOverall home sales in metro Detroit were up 1.6 percent in September compared to last year while prices rose 5.6 percent. \/\/ Stock photo<\/p>\n
Metro Detroit\u2019s housing market remained steady in September, even as the city of Detroit experienced a slowdown with home sales down 15.6 percent year-over-year, according to the latest REMAX of Southeastern Michigan Housing Report.<\/p>\n
Overall home sales in the region were up 1.6 percent to 4,069 from 4,006 compared to September 2024, but down from 4,295 in August.<\/p>\n
Sales were up 7 percent in Macomb County, up 5.6 percent in Livingston County, and up 4.8 percent in Oakland County. Detroit\u2019s 15.6 percent drop coincided with a 4.8 percent dip in Wayne County.<\/p>\n
\u201cSeptember saw a modest uptick in home sales compared to last year, signaling that opportunities remain as prices stabilize and buyers take a more measured and selective approach to the process,\u201d says Jeanette Schneider, president of REMAX of Southeastern Michigan in Troy.<\/p>\n
Prices increased 5.6 percent region-wide to $327,500 compared to last September but dipped from $332,500 last month.<\/p>\n
Livingston County led the way with a median sales price of $405,000, up 11 percent from $365,000 a year ago.<\/p>\n
Wayne County moved up 7.5 percent to $215,000 from 200,000 in 2024. Macomb County\u2019s $275,000 was up 5.8 percent from $260,000 and Oakland County saw an increase of 5.6 percent with $380,000 from $360,000 in September 2024. Despite the drop in sales, prices in Detroit increased 4.4 percent to $95,000 from $91,000.<\/p>\n
Additional highlights from the latest report include:<\/p>\n
\u2014 Average days on market is 28 days \u2014 up two days from last year.<\/p>\n
\u2014 Months\u2019 supply of inventory sits at 3.0 months \u2014 up 7 percent from 2.8 last year.<\/p>\n
\u2014 Pending sales are up 6 percent year-over-year.<\/p>\n
\u201cAs we move into October, seasonal shifts and uncertainty surrounding the government shutdown could influence activity, but overall, the market continues to show steady resilience,\u201d Schneider says.<\/p>\n","protected":false},"excerpt":{"rendered":"Overall home sales in metro Detroit were up 1.6 percent in September compared to last year while prices…\n","protected":false},"author":2,"featured_media":72040,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,85,46,190],"class_list":["post-72039","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-il","tag-israel","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/72039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=72039"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/72039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/72040"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=72039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=72039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=72039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}