Metro Detroit Michigan area housing slowdown is ending

By
Real Estate Broker/Owner with BROOKVIEW REALTY

Local real estate sales in October increased in Detroit but fell in Dearborn and western Wayne and Oakland counties when compared to the same period a year ago. Sales in October showed:

• 628 homes sold in Detroit in October compared with 594 in October 2005.

• 175 homes sold in Dearborn in October compared with 190 in October 2005.

• 716 homes sold in western Wayne and Oakland counties in October compared with 877 in October 2005.

• 170 homes sold in Sterling Heights, Shelby Township and Macomb Township in October compared with 179 in October 2005.

Sales of existing U.S. homes showed an uptick in national figures released on December 28, 2006. Sales rose unexpectedly in November, as prices fell for the fourth month in a row, adding to evidence that the housing slowdown is ending.

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Rainmaker
105,415
David Elya
BROOKVIEW REALTY - Rochester, MI
ABR, CRS, e-PRO, GRI, SFR - Broker

That's good to hear David! Now get out there and kick some butt for 2007 :)

Scott

Dec 30, 2006 10:28 AM #1
Rainmaker
111,077
Steve Dalton
219-465-8352 - Valparaiso, IN
Northwest Indiana Home Builder
Thanks David.  We too feel a surge brewing in Northwest Indiana.  I just have to convince my people and my real estate professionals of this fact so they aren't the last to hear.
Dec 30, 2006 02:52 PM #2
Rainmaker
914,337
Tony Marriott
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Associate Broker, REALTOR
David - How do the median and the average sales prices compare year over year for Detroit?  Is this investor bottom feeding buying - or a true revived interest in people moving to Detroit?
Dec 31, 2006 10:40 AM #3
Rainmaker
914,337
Tony Marriott
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Associate Broker, REALTOR

How does the market look in Detroit these days compared to this report from four years ago?

Feb 14, 2010 07:40 PM #4
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Rainmaker
105,415

David Elya

ABR, CRS, e-PRO, GRI, SFR - Broker
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