Metro Detroit home prices up 34% year-over-year

Home-buyers in the tri-county area this spring will have to reach a little deeper into their checkbooks, if price increases reported through the end of February are any indication.

Excerpt:

"The median selling price of metro Detroit homes grew 34 percent year-over-year to $107,000 in February, marking the 12th straight month of double-digit growth, according to data released Monday by Realcomp."

More here.
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