Southeast Michigan Home Sales Rise 7%, Sale Prices Up 5.3%

House sales and median sale prices in southeast Michigan rose 5.3% in January compared to a year ago.

House sales and median sale prices in southeast Michigan rose 5.3% in January compared to a year ago, further signaling that the regional economy might be climbing out of its deep recessionary hole. Home sales in the metro Detroit area rose 7% in January from the same month a year ago.

In another sign of a market heating up, the average number of days a home spent on the market decreased in January by seven days from 96 to 89 compared to the same month the year before.


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Linda P February 18, 2012 at 02:19 AM
I hope you are right.....but agents have a tendency to caution buyers that home prices are rising better get it now before they go up....just a sales tactic.
William Brundage - Coldwell Banker Weir Manuel February 20, 2012 at 07:34 PM
Linda P, As reported by the Detroit Free Press: http://www.freep.com/article/20120213/BUSINESS06/120213041/Southeast-Michigan-home-sales-rise-7-sale-prices-up-5-3-?odyssey=tab|topnews|text|FRONTPAGE
cashflowgold April 06, 2012 at 11:11 AM
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