Top Mega Teams in Michigan – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1The Perna TeamThe Perna TeamNovi, MI$206,841,780View Profile
    2Glover AgencyKeller WilliamsPlymouth, MI$183,406,741View Profile
    3Mark Z Home Selling TeameXp RealtyNovi, MI$179,244,113View Profile
    4The Monzo GroupKeller WilliamsSt. Clair Shores, MI$169,082,945View Profile
    5Best Life & CoeXpRoyal Oak, MI$161,788,237View Profile
    5Best Life & CoeXp RealtyRoyal Oak, MI$161,788,237View Profile
    7Ken Hirschmann & Associates Best Life & Co.eXp RealtyRoyal Oak, MI$158,545,309View Profile
    8Nexus GroupRE/MAX NexusBirmingham, MI$53,625,696View Profile
    9Bunn Warren & Associates (Group)Keller WilliamsBrighton, MI$44,021,437View Profile
    10Team Peterson Jackson Real Estate ProfessionalseXp Realty Southfield, MI$28,000,000View Profile
    11Team Peterson-JacksoneXp RealtyFarmington Hills, MI$25,596,151View Profile

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    2023 Michigan Housing Market Summary

    Michigan started 2023 with a total of 14,970 single-family homes on the market, with a median home price of $230,000 and an average price per square foot of $175. By the end of the year, inventory had decreased to 13,638 homes on the market (-8%), with a median home price of $239,900 (+4%) and an average price per square foot of $181 (+3%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days.

    Michigan started the year with 33% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Michigan homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Michigan started 2023 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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