Real Estate Update | January 2021

To begin this real estate update, we will focus on southeastern Michigan, specifically the counties of Livingston, Macomb, Oakland, St. Clair, Washtenaw, and Wayne. In this region, home prices continue to rise as the year-over-year median sales price increased the most in Wayne County by 14.1% to $154,000. The next highest year-over-year median sales price increase is followed by Macomb County, which saw prices go up by 10.8% to $203,000. Year-over-year closed sales have increased in three out of the six counties, which include Livingston (2.8%), Oakland (2.2%) and St. Clair (4.6%). For the third month in a row, the county that was impacted the least regarding year-over-year new listings was Washtenaw County, which saw new listings fall -8.2% totaling 4,660. Year-over-year pending sales again for the second month in a row increased across all six counties.

Neighborhood Reports
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 Allen Park Charlotte Ferndale Holly Macomb Pleasant Ridge West Bloomfield
 Alma Clarkston Grand Ledge Holt Mason Plymouth Twp White Lake
 Ann Arbor Commerce Grand Rapids Huntington Woods Milford Plymouth
 Belding Dearborn Greenville Independence Twp Northville Twp Rochester
 Berkley Detroit Grosse Ile Ionia Northville Rochester Hills
 Birmingham DeWitt Grosse Pointe Lake Odessa Novi Royal Oak
 Bloomfield Hills Dimondale Grosse Pointe Fm Lake Orion Oakland Twp Saranac
 Bloomfield Twp East Lansing Grosse Pointe Pk Lansing Okemos South Lyon
 Brownstown Eaton Rapids Grosse Pointe Sh Livonia Orion Twp Troy
 Canton Farmington Hills Grosse Pointe Wd Lowell Owosso Waterford

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