09/22/2026
The Metro Detroit housing market hasn't crashed—but the rules have changed.
Oakland, Wayne and Macomb County home prices are still higher than they were a year ago.
At the same time:
• Price reductions are becoming more common
• Buyers have more alternatives
• Mortgage rates are around 7%
• Sellers have less room for pricing mistakes
That creates an interesting psychological market.
Some sellers are still thinking about what homes were doing in a more aggressive market.
Some buyers are assuming today's conditions mean every seller should negotiate.
Neither assumption is particularly useful.
In this week's Market Insight, I break down what the current data actually mean for $500K+ Metro Detroit buyers and sellers—and why the strongest strategy this fall is understanding the specific property rather than trying to predict the entire market. Check out the market insight in the comments below 👇🏾👇🏾