Top Agents in Detroit, Michigan – Individuals By Volume

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Rank – City VolumeFull NameCompanyLocationVolumeProfile
1Erica CollicaMax BroockDetroit, MI$19,800,295View Profile
2Sherri SaadRE/MAX Leading EdgeDetroit, MI$17,413,224View Profile
3Matt O’LaughlinMax BroockDetroit, MI$16,760,666View Profile
4Jan DijkersBerkshire Hathaway HomeServices The Loft WarehouseDetroit, MI$16,574,583View Profile
5Kevin HillMax BroockDetroit, MI$16,066,300View Profile
6Desert Klein-KassabMax BroockDetroit, MI$16,004,550View Profile

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2022 Market Summary

Detroit, Michigan started 2022 with a total of 1,146 single-family homes on the market, with a median home price of $65,000 and an average price per square foot of $65. By the end of the year, inventory had increased to 1,844 homes on the market (+60%), with a median home price of $70,000 (+7%) and an average price per square foot of $70 (+7%).

At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.

Detroit started the year with 27% 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 38% of Detroit homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Detroit started 2022 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 27 – a buyer’s advantage.

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

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Detroit News

The Agency makes its Midwest debut 

Mar 28, 2022By

Global luxury real estate brokerage The Agency announced the opening of its 32nd franchise and its debut in the Midwest, with a new office located in Birmingham, Michigan.