Housing Prices Slowly Rising In Detroit Metro Area

DETROIT (WWJ) – Macomb County led metro Detroit in November home sales, showing a 16 percent increase compared to a year ago.

According to the listing service Realcomp: Wayne County was up almost 4 percent, Oakland rose 1.7 percent and Livingston County sales were up nearly 6 percent.

Michael DeForrest, a Realtor with Max Broock in Birmingham, tells WWJ that the market is slowly coming back but it’s all about price point.

“If you are a seller with a home in good condition and it’s at a good price point than the house is selling,” said DeForrest.

DeForrest says that sellers understand the market more – they take a big gulp (when hearing the price point) and say “let’s sell it.”

Realcomp says the median sale price in November rose 4.5 percent.

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