June '25 Market Report
NEW LISTING OUTLOOK AND IMPLICATIONS
What Buyers and Sellers Can Expect from Inventory in the Months Ahead
As we move past the spring peak, market activity across Southeast Michigan is beginning its seasonal transition. For both buyers and sellers, understanding what lies ahead in terms of inventory and competition can help set expectations and improve outcomes.
New Listings Are Easing—Quality Inventory Still Tight
New listing activity has begun to taper. As of May, the number of new listings in Southeast Michigan was down 7% from May 2024 and 4% below May 2023 levels. Historically, new listings begin to decline from June through the end of the year, and 2025 appears to be following that same path.
For Buyers: Lower Volume, Selective Opportunities
Buyers should be prepared for fewer new listings each month through the second half of the year. The pace of new inventory is unlikely to match the diversity of preferences many buyers have, so patience and flexibility remain essential. That said, when well- maintained, move-in-ready homes hit the market, they continue to draw immediate attention and often sell within days—typically with multiple offers and over-asking prices. Buyers hoping to avoid a competitive situation may find opportunities in homes that have lingered or that require cosmetic updates. But when the right home comes along, readiness to act decisively is still critical.
For Sellers: Lower Competition, Higher Expectations
While overall inventory remains limited, buyers remain highly selective. Homes that are priced right and show well are still commanding strong interest and premium prices. In May, average price per square foot in Southeast Michigan was up 3% year-over-year, even as sales volume dipped slightly.
For sellers, this means fewer listings to compete with—but it also means the bar is higher. Today’s buyers are quick to bypass overpriced or poorly presented homes. Preparation, smart pricing, and timing remain the keys to maximizing value.
Market Outlook
With new listings expected to decline through the fall, both buyers and sellers should adapt their strategies. Buyers need to stay ready and informed. Sellers who bring well-prepared listings to market during this less crowded period can still benefit from meaningful demand—especially if their homes align with what today’s buyers want most.