The completed Q3 numbers show why Metro Detroit should not be treated as one housing market.
My latest $500K+ Realcomp analysis found:
• 2.8 months of $500K–$749K supply in Oakland County
• 6.1 months of Oakland $1M+ supply
• 3.7 months of Wayne $1M+ supply
• 10.8 months of Macomb $1M+ supply
• A 17% Q2-to-Q3 increase in $1M+ closed sales
• More than one-third of current $500K+ inventory below its original asking price
Mortgage rates also remained above 7% entering October.
The higher-end market is active—but increasingly selective.
Click Learn More to read my complete Q4 2026 Metro Detroit Real Estate Outlook.
