Top Real Estate Agents in Detroit, Michigan

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    • Rank – City SidesFull NameCompanyLocationSidesProfile
    1Sherri SaadRE/MAX Leading EdgeDetroit, MI 211.0View Profile
    2Erica CollicaMax Broock RealtorsDetroit, MI 76.0View Profile
    3Desiree BourgeoisRedfinDetroit, MI 47.0View Profile
    4Justin CainBerkshire Hathaway HomeServices The Loft WarehouseDetroit, MI 45.0View Profile
    5Jan DijkersBerkshire Hathaway HomeServices The Loft WarehouseDetroit, MI 43.0View Profile

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    2023 Detroit, Michigan Housing Market Summary

    Detroit, Michigan started 2023 with a total of 1,699 single-family homes on the market, with a median home price of $70,000 and an average price per square foot of $70. By the end of the year, inventory had increased to 1,961 homes on the market (+15%), with a median home price of $79,900 (+14%) and an average price per square foot of $78 (+11%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

    Detroit started the year with 37% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 36% of Detroit homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Detroit started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 30 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Real Estate News

    Compass

    Compass adds high-performing teams in Austin, St. Louis 

    Oct 24, 2024By

    The Weiss Group in Austin is returning after a stint with The Agency, bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices.

    Housing Market News

    Houses-For Sale, Sold 7

    New-home sales beat estimates but need a dose of reality 

    Oct 24, 2024By

    The new home sales report beat estimates, but the last three months were revised lower in sales, without a recent spike in mortgage rates.

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    Agent News

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    Are agent commissions up or down? It depends on who you ask 

    Oct 24, 2024By

    Questions about commissions linger a year after the Sitzer/Burnett verdict, but brokers are beginning to find patterns in seller behavior.