Data current through June 2026.

The short answer is that the four county Metro Detroit market is normalizing rather than falling. The regional median sale price remained higher than a year earlier, while inventory increased and homes took slightly longer to sell. That is the regional picture. It is not the picture in every community, and several of the local markets covered below recorded a lower median sale price than a year earlier even as the regional median rose.

What the Regional Numbers Actually Show

Across Livingston, Macomb, Oakland and Wayne Counties, 3,957 residential homes closed in June 2026. That is a large enough sample to describe with confidence, which is not true of any single community in a single month.

The regional median sale price was $324,500 in June, up 6.4 percent from a year earlier. Through the first six months of the year the regional median was $295,000, up 5.4 percent. The median is the midpoint of what sold. It describes the mix of homes that changed hands, not the change in value of any particular house.

Active inventory moved in the other direction. There were 8,927 residential homes for sale in June, up 9.9 percent from a year earlier. Months supply of inventory, which estimates how long it would take to sell the current inventory at the current pace of sales, moved from 2.5 to 2.7. Closed sales year to date were 17,627, down 2.2 percent, while new listings rose 3.4 percent. Homes took modestly longer, with year to date days on market at 33 compared with 31. Sellers received 99.3 percent of list price year to date, essentially unchanged.

Put plainly, more homes were available, slightly fewer sold, and the ones that sold took a little longer and still brought close to full price. The full regional detail is in my Metro Detroit market update for June 2026.

A Note About the Earlier Version of This Article

The earlier version of this article referenced a possible slowdown in regional median price growth to roughly one percent. Through June 2026 the year to date regional median was 5.4 percent higher than the same period a year earlier. Regional median price growth did not slow to that degree.

The shift has appeared more clearly in supply and marketing timelines than in the regional median price, although the effect varies considerably by municipality and property type. That variation is the substance of the rest of this article.

Why the Regional Number Can Mislead You

Regional figures describe a four county area containing tens of thousands of homes. Your home does not compete against that area. It competes against the homes a buyer can see the same weekend, in the same school district, at a similar price.

Looking at the eight local markets covered here through June, a clear pattern appears. Lyon Township, Northville Township, Green Oak Township and Brighton Township all recorded months supply rising faster than the region. The City of South Lyon, the City of Northville, the City of Brighton and Novi all recorded months supply falling while the regional figure rose.

I want to be careful about how far that pattern is pushed. It holds across these eight markets in this reporting period. It is not a rule that cities always tighten and townships always loosen, and it should not be treated as one. What it does establish is that neighboring municipalities can move in opposite directions at the same time.

The same is true of price. The regional median rose 5.4 percent year to date. Among the eight local markets below, the year to date median sale price was higher than a year earlier in three and lower in four, with one essentially unchanged. A homeowner who reads only the regional figure would take away an impression that did not match most of these communities.

South Lyon and Lyon Township: The Clearest Example

The City of South Lyon and Lyon Township sit next to each other and are frequently discussed as one market. Through June they were not behaving as one market.

The City of South Lyon had a year to date median sale price of $445,000, down 10.6 percent from a year earlier. Lyon Township had a year to date median of $611,240, essentially flat at down 0.1 percent. That is a difference of more than $166,000 between the two medians.

Supply diverged as well. Months supply in the City of South Lyon was 1.7, down 48.5 percent from a year earlier, with 21 homes available. In Lyon Township it was 3.7, up 164.3 percent, with 67 homes available. One area had roughly half the supply cushion it had a year ago. The other had more than doubled it.

Treating the City of South Lyon and Lyon Township as one market can hide meaningful differences in price, supply, and competition.

What This Means Where You Live

In Novi, single family conditions held steady. Months supply was 2.0, slightly below a year ago, with active inventory at 62 homes compared with 64. The year to date median was $585,000, up 1.3 percent across 160 closed sales. Novi condominiums moved differently. Inventory rose from 33 units to 59 and months supply moved from 1.5 to 2.8, with a year to date median of $300,000, down 5.8 percent. A Novi homeowner selling a single family home and a Novi homeowner selling a condominium were not facing the same conditions this year. There is more detail in my Novi market update for June 2026.

In the City of Northville, months supply fell to 2.2 while inventory held flat at 29 homes, meaning homes moved through the market faster than a year ago. The year to date median was $625,500, down 7.3 percent across 54 closed sales. In Northville Township, the year to date median was $839,000, up 1.7 percent, and months supply rose to 3.0. Worth stating precisely: township inventory actually fell slightly, from 33 homes to 31, so the increase in months supply reflects a slower pace of sales rather than more homes coming available. The two Northvilles are more than $200,000 apart in year to date median and moved in different directions. I break both down further in my Northville area market update for June 2026.

In the City of South Lyon and Lyon Township, the divergence described above is the headline. One additional detail is worth attention. In Lyon Township, active inventory more than doubled while June days on market fell to 14 from 26 a year earlier. The figures show more available competition alongside faster reported selling times among the homes that closed. They do not explain what caused that result, so condition, pricing, location, and competing inventory still need to be evaluated property by property. My South Lyon and Lyon Township market update for June 2026 separates the two areas in more detail.

In Green Oak Township, months supply rose to 2.7 and inventory rose to 46 homes from 40. The year to date median was $444,750, down 11.3 percent across 106 closed sales. Green Oak Township is a useful caution about reading a single month. The June median looked considerably stronger than the year to date figure, and the two point in opposite directions. The year to date number is the more reliable of the two. More is in my Green Oak Township market update for June 2026.

In the City of Brighton, the data suggests unusually tight supply, with 9 residential homes for sale in June and months supply at 0.6. The year to date median was $405,000, up 8.6 percent across 59 closed sales. These are small numbers, and figures built on so few homes and so few closings warrant caution rather than firm conclusions. In Brighton Township, months supply rose to 3.0 with inventory up from 28 homes to 37, and the year to date median was $482,500, down 4.5 percent. Homes there sold faster than a year ago, at 18 days year to date compared with 31. Both Brighton areas are covered in my Brighton market update for June 2026.

A Developing Signal Worth Watching

One segment softened more consistently than the rest. Condominiums in the City of South Lyon showed a year to date median of $163,000, down 4.1 percent, across 52 closed sales. Days on market ran 52 year to date compared with 32 a year earlier. Sellers received 96.9 percent of list price, the lowest figure among the markets and property types reviewed here. Inventory rose from 24 units to 41.

Fifty two closed sales is a moderate sample, not a large one. Every indicator points the same direction, which is why it is worth flagging, but this is a developing signal to monitor rather than a settled conclusion. A condominium owner in the City of South Lyon should plan for a longer marketing period than the same owner would have needed last year.

What Actually Determines Your Strategy

Pricing correctly from the first day remains one of the most important decisions a seller makes. Preparation still shapes how buyers respond in the first week. Negotiation still protects equity once offers arrive.

In the communities where active inventory actually increased, including Lyon Township, Green Oak Township, Brighton Township, and the Novi condominium segment, a buyer now has more alternatives beside your home than a year ago, and a price set by hope rather than evidence has more competition working against it. In the communities where inventory held flat or declined, including Novi single family, the City of Northville, the City of South Lyon and the City of Brighton, that particular pressure is not present in the same way.

The right approach depends on four things, and none of them appear in a regional figure. It depends on your municipality, since the City of South Lyon and Lyon Township were pulling in different directions. It depends on your property type, since condominiums and single family homes diverged sharply in several of these communities. It depends on your price range, because the number of competing homes at $400,000 looks nothing like the number at $900,000. And it depends on what is actually listed against you right now, which changes week to week.

Sometimes the honest answer is that waiting is reasonable. If your home needs work that would materially change how it shows, and you are not under time pressure, completing the right work first may be more sensible than listing sooner. That is a legitimate outcome of this conversation and not a failure of it.

Planning Ahead Still Creates Options

Markets shift gradually. Planning early can give homeowners more options and reduce rushed decisions.

That means knowing your realistic equity position rather than an estimate from an automated tool. It means understanding what a sale would actually net after costs. It means having a view on timing that accounts for your own life rather than a forecast. None of that requires a decision to sell. It simply removes the guesswork from the decision when you do make it.

Local Market Insight

This update reflects Realcomp data through June 2026 across Novi, the City of Northville, Northville Township, the City of South Lyon, Lyon Township, Green Oak Township, the City of Brighton and Brighton Township, measured against the four county Metro Detroit market. Real estate decisions are local, and the figures above show how different two neighboring communities can be at the same moment.

If you would like to understand what these conditions mean for your specific home, I am glad to walk through the timing, the numbers, and the strategy with you. No pressure. Just clarity. I am here to help you make a confident decision, whether you sell now, later, or not at all.

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