Southeast Michigan closed out 2025 with sales activity essentially even with 2024, but with continued price growth and higher overall dollar volume. Closed sales slipped just 1% year over year, while average sale price rose 5% and price per square foot increased 4%.

This combination reflects a market that has stabilized in terms of demand, but continues to adjust on the supply side.

The most notable change in 2025 was not pricing, but market behavior. New listings declined modestly for the year, buyer showings trended lower compared to the peak years of 2022 and 2023, and inventory growth was driven largely by listings staying on the market longer rather than a surge of fresh supply.

At year-end, half of all closed sales still sold at or above asking price, but that share has been gradually drifting lower as buyers become more selective.

Looking ahead to 2026, Southeast Michigan appears positioned for stable pricing and modestly constrained sales activity. Absent of meaningful change in interest rates or inventory levels, closed sales are likely to remain near 2025 levels, while prices are expected to hold or rise gradually. As the market continues to normalize, price outcomes will depend increasingly on listing quality, preparation, and accuracy rather than broad market momentum.