Metro Detroit home sales were down in September compared to a year earlier. It’s the first such year-over-year decline in a year, and came as a result of a sharp drop in foreclosure sales, according to stats released by Farmington Hills-based Realcomp II Ltd.
About 900 people showed in Oakland County on Monday for an auction of foreclosed properties.
The office of the Wayne County treasurer is planning a September auction of more than 20,000 properties that were subject to tax foreclosure.
Home prices in Detroit and other major cities rose in May from April, a sign of a modest housing recovery.
Both the number of homes sold and home prices in the Detroit area rose in May from year-ago levels, according to the Farmington Hills-based real estate information firm Realcomp II Ltd.
Looking to buy a home this spring? It could be a tough prospect.
A report from RealtyTrac shows the number of foreclosure properties in Michigan dropped 11.5 percent from February to March.
Home prices fell in December for a fourth straight month in most major U.S. cities as modest sales gains in the depressed housing market have yet to lift prices.
Home sales in January rose 10.4 percent from a year earlier across the 10 eastern Michigan counties tracked by the Farmington Hills-based real estate information firm Realcomp II Ltd. And prices turned up in several counties.
ales are up…prices have stabilized. That’s the bottom line of the latest report on home sales in Southeast Michigan