By Jeff Duneske, Associate Broker, Jeff Duneske Real Estate

The Metro Detroit housing market, covering Livingston, Macomb, Oakland, and Wayne counties, posted a median sale price of $324,500 in June 2026, up 6.4 percent from a year ago, based on Realcomp data. Inventory grew 9.9 percent to 8,927 homes, giving buyers more choices, yet homes still sold in 24 days at 100.2 percent of list price. The region is normalizing rather than cooling: supply is rebuilding while prices and pace hold. The condo segment is loosening faster, with inventory up 26.7 percent and 3.2 months of supply.

Metro Detroit Market Snapshot: June 2026

Figures cover Livingston, Macomb, Oakland, and Wayne counties, with single-family residential and condominium sales reported separately.

Metro Detroit single-family residential

• Median sale price: $324,500, up 6.4 percent from June 2025
• Closed sales: 3,957, up 2.4 percent
• Days on market until sale: 24, down from 25
• Homes for sale: 8,927, up 9.9 percent
• Months supply of inventory: 2.7, up from 2.5
• Percent of list price received: 100.2 percent

Metro Detroit condominiums

• Median sale price: $264,900, up 2.9 percent from June 2025
• Closed sales: 822, up 9.9 percent
• Days on market until sale: 33, up from 27
• Condos for sale: 2,040, up 26.7 percent
• Months supply of inventory: 3.2, up from 2.5
• Percent of list price received: 98.6 percent

Is the Metro Detroit housing market cooling in 2026?

Normalizing is the more accurate word. A cooling market shows buyers stepping back; this one shows buyers keeping pace with growing supply. New listings rose 7.3 percent in June, pending sales rose 3.9 percent, and closed sales rose 2.4 percent. Homes sold a day faster than last June, and the typical sale still closed a touch above asking at 100.2 percent of list.

What is genuinely changing is the shelf. Inventory has climbed 9.9 percent in a year, and months supply sits at 2.7, edging toward balance from the deeply undersupplied years. The first half also ran slightly slower than last year, with year-to-date closings down 2.2 percent and year-to-date days on market at 33 against 31. Put together: prices firm, pace steady, and a slow rebuild of buyer choice. That is a healthier market than the frenzied version, and a more demanding one for sellers who assume any price will clear.

Why is the condo market loosening faster than houses?

Every supply signal in the regional condo data is moving faster than its single-family counterpart. Condo inventory rose 26.7 percent against 9.9 percent for houses. Condo months supply reached 3.2 against 2.7. Condos took 33 days to sell, six days longer than last June, while houses got a day faster. Condo sellers received 98.6 percent of list price, below asking, while house sellers stayed above it.

Demand is not the problem; condo closings actually rose 9.9 percent. Supply is simply arriving faster than buyers absorb it, with new condo listings up 11.4 percent in June and 13.6 percent year to date. The June condo median held modestly positive at $264,900, up 2.9 percent, but the year-to-date condo median is essentially flat. For condo owners across the region, the leverage that house sellers still enjoy has largely evaporated, and pricing to the active competition matters accordingly.

Does the regional average describe your city?

Almost certainly not, and June made the point emphatically. The regional inventory gain of 9.9 percent is an average of submarkets moving in violently different directions. In the same month, the City of Brighton fell to 0.6 months of supply with 9 homes for sale, while Lyon Township climbed to 3.7 months with inventory up 116.1 percent. Northville Township posted a June median of $1,025,000; the regional median was $324,500. Novi's single-family inventory shrank while its condo inventory grew 78.8 percent.

A pattern runs through the local data this month: several townships are restocking rapidly, with new listings up 88 to 160 percent in places, while the small cities inside them are running dry. A homeowner reading the regional headline learns roughly nothing about which side of that divide they are on. The monthly updates for Northville, Novi, the South Lyon area, Green Oak Township, and the Brighton area break each market down individually.

What should Metro Detroit sellers do with this information?

Stop pricing to the region. The 6.4 percent regional gain is not a coupon your home can redeem; your price comes from recent comparable sales in your submarket, which this month might be starved of inventory or freshly flooded with it. The difference between those two conditions is the difference between fielding multiple offers and chasing the market down.

Timing, on the other hand, does have a regional answer. Sellers across Metro Detroit are still averaging full list price with 24-day sales while inventory rebuilds around them at roughly 10 percent a year. A seller planning a move within the next twelve months is choosing between today's 2.7 months of supply and whatever the rebuild produces by next spring. Condo owners face the sharper version of that timing question, with supply already at 3.2 months and rising.

Jeff's Take

These are my conclusions from the June Realcomp data, offered as data interpretation rather than a report from the field.

The regional headline, prices up 6.4 percent, is true and largely useless for any individual homeowner, because June's real story is dispersion. I track six submarkets across this region, and in one month they produced 0.6 months of supply and 3.7 months of supply, a $1,025,000 median and a $425,000 median, listing surges over 100 percent and listing droughts over 60 percent. The regional average flattens all of that into a number that describes nobody. If you own a home in Metro Detroit, the first question is not what the region did; it is which of these markets you actually live in.

The strongest broad position remains a single-family home in a supply-starved city, where scarcity still sets the terms. The weakest broad position is a condo, in nearly every submarket and in the regional totals alike, where supply is growing three times as fast as the house market and sellers have slipped below list price. In between sits the pattern I am watching most closely: townships rebuilding inventory faster than buyers absorb it.

My recommendation is the same one the data has been giving all month. Sellers should act on submarket conditions, not regional headlines, and sellers in loosening townships should price against live competition rather than spring comparables. Looking ahead, if regional inventory keeps building at near 10 percent a year and condo supply near 27 percent, expect Metro Detroit to reach genuine balance in the condo segment first and to feel more negotiable overall by year end. If the rebuild stalls, the seller's market persists into 2027. Either way, prices are supported for now by the simplest fact in the report: homes are still selling in 24 days at full price.

Frequently Asked Questions

What is the median home price in Metro Detroit?

The median single-family sale price in Metro Detroit was $324,500 in June 2026, up 6.4 percent from a year earlier. The year-to-date median is $295,000, up 5.4 percent. The regional condo median was $264,900 in June.

Is Metro Detroit a buyer's or seller's market in 2026?

Still a seller's market for single-family homes, with 2.7 months of supply, 24-day sales, and sellers receiving 100.2 percent of list price in June 2026. The condo segment is closer to balanced, at 3.2 months of supply with sellers averaging slightly below list price.

Are home prices in Metro Detroit going up or down?

Up. The June 2026 median of $324,500 rose 6.4 percent from a year earlier, and the year-to-date median of $295,000 is up 5.4 percent. Condo prices rose more modestly, with the June condo median up 2.9 percent.

Is housing inventory increasing in Metro Detroit?

Yes. Homes for sale rose 9.9 percent from a year earlier to 8,927 in June 2026, and condo inventory rose 26.7 percent to 2,040 units. The increase varies sharply by community, with some local markets adding supply rapidly while others have very few homes for sale.

Market statistics are based on Realcomp II Ltd. data for Metro Detroit, defined as Livingston, Macomb, Oakland, and Wayne counties, covering June 2026, current as of July 8, 2026. Single-family residential and condominium sales are reported separately. Real estate conditions vary by community, neighborhood, property type, condition, and price range.

If you own a home anywhere in Metro Detroit and want to know which of these markets you are actually in, I am glad to walk you through a home valuation or simply answer your questions. No pressure. Just clarity.