Metro Detroit’s housing market remained steady in August, with home sales nearly identical to last year and home prices increasing 1.5 percent, according to the latest REMAX of Southeastern Michigan Housing Report. Prices, however, dipped 3 percent from July.
The region posted 4,282 home sales in August, compared to 4,295 a year ago and 4,578 in July. The median sales price in August was $337,500, up from $332,500 in 2025, but down from the $348,635 recorded in July.
“August’s housing market was steady, with sales virtually unchanged from last year and home prices rising at a moderate pace,” says Jeanette Schneider, president of REMAX of Southeastern Michigan in Troy.
Livingston County saw a 32.4 percent increase in home sales with 301, up from 229 in August 2025. Macomb County also reported a sales uptick, 1.3 percent with 987 sales from 974 last year. Detroit’s 366 sales were 13.1 percent down from 421 a year ago. Wayne County posted 1,499 sales in August, a 4.9 percent drop from 1,577 during the same month in 2025. Oakland County’s 1,495 sales dipped 1.3 percent from 1,515 in August 2025.
Livingston County also reported the highest increase in median price at $439,000, which is an 11.4 percent jump compared to $394,000 last year. Detroit saw the biggest decrease in median price at $92,500, dropping from $110,000 in 2025. Macomb County prices remained flat at $280,000. Prices in Oakland County rose 2.6 percent to $395,000 from $385,000 and in Wayne County, prices jumped 3.1 percent to $230,000 from $223,000.
Other findings in this month’s report include:
- Days on market: 26 days, up two days from last August
- Months supply: 3 months, up from 2.8 months last year
- Pending sales: Up 4.8 percent year over year
“As we enter the fall months, we typically see a final push from motivated buyers before activity begins to slow by year-end,” Schneider says. “Well-priced, move-in ready homes are attracting strong interest and selling quickly, while overpriced homes or those needing significant updates are sitting on the market longer. Pricing and presentation are more important than ever right now as sellers compete to stand out.”
