The Pecan Street Index  ›  Michigan

Detroit Warren Dearborn housing-market dispatches

Metro-level reads from The Pecan Street Index.

Metro-level

Novi avg sale price crossed $500K — now $510K

$510K

Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.

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Pecan Street Index, Detroit Warren Dearborn, MI, July 2026

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Published 2026-08-14 · Permalink / cite →

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Dispatch archive

Detroit Warren Dearborn, MI · 2026-07-10

Novi homes taking 17 days to sell — +112.5% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Detroit Warren Dearborn, MI · 2026-07-03

Novi homes taking 17 days to sell — +112.5% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Detroit Warren Dearborn, MI · 2026-06-29

Novi homes taking 17 days to sell — +112.5% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.