Mayor Mike Duggan’s Building Detroit home auction program sold a house for a record $135,000 in Detroit’s Boston-Edison District.
Real estate sales in the 10-county metro Detroit area fell 4.7 percent in November from November 2012, but prices continued their sharp upward spike, according to the Farmington Hills real estate information firm Realcomp II Ltd.
A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year.
It’s the highest-priced home for sale in the state.
Prices were up 19 percent in May, according to the S&P’s Case-Shiller index.
RealComp says while the number of homes sold last month was about even compared to one year ago, the median sales price jumped 40 percent.
A seller’s market for homes and condominiums in southeast Michigan? It’s not as ridiculous as it seems.
The number of home sales in southeast Michigan sagged in February — due to far fewer foreclosure sales — but home prices surged, according to figures released Monday by the Farmington Hills real estate research firm Realcomp II Ltd.
The Detroit-area housing market continued its recovery in December, according to numbers released Monday by the Farmington Hills-based real estate information provider Realcomp II Ltd.
A new report says Metro Detroit’s foreclosure crisis is improving, but some are refuting the relevance of those numbers.