Michigan real estate — week of Jun 12, 2026

Strength 4 / 5

$78K

Detroit median price -10.6% YoY

Price-per-sqft also -6.4% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

17 days

Livonia homes taking 17 days to sell — +70.0% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

$447K

Ann Arbor median price -8.8% YoY

Price-per-sqft also -4.4% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$420K

Troy median price -12.0% YoY

Price-per-sqft also -1.9% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

37 days

Royal Oak homes taking 37 days to sell — +76.2% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

$510K

Ann Arbor avg sale price crossed $500K — now $510K

Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.

Strength 4 / 5

17 days

Novi homes taking 17 days to sell — +112.5% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

33 days

Novi homes taking 33 days to sell — +106.2% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.