Metro Detroit Market Reports

Stay informed with the latest real estate market data, trends, and insights across Wayne, Oakland, Macomb, Saginaw, and Kent Counties.

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Wayne County - Q3 2025 Market Snapshot

$185,000

Median Sale Price

+5.8% YoY

Avg Days on Market

Fast-moving market

2.1

Months of Inventory

Balanced Market

3,247

Homes Sold

+12.3% vs Q2

$142

Price per Square Foot

1,850

Active Listings

Latest Market Trends

First-Time Buyer Activity Surges

October 2025

MSHDA and FHA loan usage up 23% as rates stabilize below 6.5%

Inventory Levels Normalizing

September 2025

Housing inventory reaches 2.3 months supply, approaching balanced market

New Construction Completions Peak

August 2025

1,850 new homes delivered across Metro Detroit in Q3

Interest Rate Volatility Continues

July 2025

Rates fluctuating between 6.2% - 6.8% based on economic indicators

Neighborhood Spotlight

Royal Oak

Oakland County

$425,000

+8.2% YoY

Walkable downtown, excellent schools

Plymouth

Wayne County

$365,000

+6.7% YoY

Historic charm, family-friendly

Rochester Hills

Oakland County

$485,000

+4.9% YoY

Top-rated schools, luxury amenities

Shelby Township

Macomb County

$285,000

+7.1% YoY

New developments, growing community

Q4 2025 & 2026 Market Forecast

Price Appreciation

Continued moderate growth of 3-5% annually through 2026, driven by steady demand and controlled inventory.

Market Balance

Transition toward balanced market conditions as inventory normalizes and buyer competition moderates.

New Construction

22,000+ new homes planned for 2026, focusing on affordable and sustainable housing options.

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