Top Mega Teams in Michigan – Ranked by Volume

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Rank – State VolumeTeam NameCompanyLocationVolumeProfile
1Wentworth Real Estate GroupWentworth Real Estate GroupFenton , MI$260,227,410View Profile
2The Perna TeameXp Realty, LLCNovi, MI$256,914,592View Profile
3Glover AgencyKeller Williams ProfessionalsPlymouth, MI$238,923,073View Profile
4Mark Z Home Selling TeameXp Realty, LLCNovi, MI$222,806,848View Profile
5The Monzo GroupKeller Williams Great LakesGrosse Pointe Woods, MI$126,950,000View Profile
6In Network Real Estate TeamKeller Williams Paint CreekRochester, MI$109,841,775View Profile
7Nexus GroupRE/MAX NexusBirmingham, MI$77,268,162View Profile
8The SELLING TeamKeller Williams Realty LansingLansing, MI$63,962,632View Profile
9The Delia GroupKeller Williams Paint CreekRochester, MI$60,495,390View Profile
10James Silver TeamKeller Williams Paint CreekRochester, MI$34,659,302View Profile

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2022 Market Summary

Michigan started 2022 with a total of 11,122 single-family homes on the market, with a median home price of $199,500 and an average price per square foot of $164. By the end of the year, inventory had increased to 15,914 homes on the market (+43%), with a median home price of $229,900 (+15%) and an average price per square foot of $174 (+6%).

At the start of 2022, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

Michigan started the year with 26% 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 35% of Michigan homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Michigan started 2022 as a strong seller’s market, with an MAI score of 49; by the end of the year, the MAI had dropped to 40 – a slight seller’s advantage.

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

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Michigan News

The Agency makes its Midwest debut HW+

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.