Home sale prices up for 18th consecutive month in Metro Detroit
The spring and summer home-buying season resulted in double-digit price appreciation in all parts of the Detroit region. Excerpt: "The median selling price of homes in metro Detroit climbed for an 18th straight month while the total number of homes sold continued to cool in August, according to figures released Monday by Realcomp. The median selling price for homes in Metro Detroit rose 13.3 percent on an annual basis to $153,000. Total sales by units fell 10.4 percent to 4,888 homes, according to Realcomp, the Farmington Hills based Multiple Listing Service for southeast Michigan. More here.
The spring and summer home-buying season resulted in double-digit price appreciation in all parts of the Detroit region.
Excerpt:
“The median selling price of homes in metro Detroit climbed for an 18th straight month while the total number of homes sold continued to cool in August, according to figures released Monday by Realcomp.
The median selling price for homes in Metro Detroit rose 13.3 percent on an annual basis to $153,000. Total sales by units fell 10.4 percent to 4,888 homes, according to Realcomp, the Farmington Hills based Multiple Listing Service for southeast Michigan.
More here.
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