Home sales across Metro Detroit fell 13.9 percent in October compared to a year ago, as affordability challenges and cautious buyers continued to slow the housing market, according to the latest REMAX of Southeastern Michigan Housing Report.
A total of 3,585 homes sold in October, down from 4,162 last year. Pending sales also were down 10.1 percent year over year, indicating that the market slowdown may continue through the year’s end, according to the report.
Detroit saw the biggest percentage drop in sales with 371 last month compared to 441 in October 2025. Macomb County sales declined 15.5 percent to 823 from 974 last year. Sales in Wayne County dipped 14.4 percent to 1,366 from 1,596 in 2025. Oakland County sales dropped 12.8 percent to 1,203 from 1,380 and Livingston County transactions fell 9 percent to 193 from 212.
Despite the decline in sales, home prices remained relatively stable. The median sales price increased 2.1 percent to $322,188, while the months’ supply of homes for sale rose to 3.9 months.
Detroit registered the largest percentage median price increase (10.5 percent) in October to $100,000 from $90,500. Livingston County was next at 5.1 percent to $409,750 from $390,000. Oakland County prices ticked up 2.6 percent to $374,375 from $365,000. Macomb County prices rose 1.5 percent to $270,000 from $266,000 while prices in Wayne County edged up 0.8 percent to $211,750 from $210,000.
“October’s housing market reflects a noticeable slowdown as affordability challenges continue to weigh on buyers,” says Jeanette Schneider, president of REMAX of Southeastern Michigan in Troy. “With both closed and pending sales declining, we’re seeing signs that slower activity could continue through the end of the year.
“At the same time, home prices remain relatively stable, and growing inventory is giving buyers more choices and greater negotiating opportunities. While some of this slowdown is typical as we approach the holidays, today’s buyers are more cautious and selective. For sellers, realistic pricing and presentation are increasingly important.”
