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2016 Annual Report on SE Michigan Housing Market Now Available to Realcomp REALTORS®


This year, Realcomp purchased a new statistical report from ShowingTimeTM for Realcomp REALTORS®, which summarizes the residential real estate activity throughout SE Michigan for 2016.

This report provides a high level look at the sales activity that occurred in major markets (i.e. counties and other large geographies). It also includes new and interesting nuggets of information Realcomp has not reported on in the past.

We encourage you to review the 2016 report to discover interesting tidbits your customers and clients may be amazed to learn, such as:

  • The economic commentary on 2016 and expectations for 2017.
  • Generational information – Millennials continue to command attention as the next wave of home buyers. Baby boomers are expected to make up nearly one-third of all buyers in 2017.
  • Closed sales for the year: increased 3.4% to 85,691.
    • 2016 saw more “Closed Sales” at 85,691 than any year in the previous five (5).
  • End of year active listings: 18,091.
  • Home prices rose compared to the previous year. The overall median sale price was up 6.3% to $151,430 for the year.
  • Sellers received 96.9% of their list price received at sale, a Y-O-Y increase of 0.5%.
  • Macomb County has the lowest “Months Supply of Inventory” at 1.8 when compared to other counties.
  • Greater Wayne (Wayne County minus the Detroit jurisdiction) has the shortest days on market at 39 that any other major market noted in the report.
  • Days on Market by Price Range reflects:
    • $150,000 and Below = 53
    • $150,001 to $300,000 = 44
    • $300,001 to $450,000 = 52
    • $450,001 or More = 68
  • 2015 saw more “New Listings” at 140,225 than any year in the previous five (5).
  • Overall the total number of showings in the market was up 16.7% over last year. The median number of showings per listing was 14.
    • April had the most growth in showings – the peak showing activity month.
    • October had the most growth (+20.4%) in showings per listing.
    • Metro Detroit (Livingston, Macomb, Oakland, & Wayne) saw 1,300,351 showings.

Find more fun quick facts about the 2016 real estate market by reviewing the new 2016 report now! (You will need to login to Realcomp’s corporate website with your Realcomp ID and password to access this report).


Last Modified: Sunday, January 15, 2017
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