Starting in March, Detroit’s listing prices (a.k.a “asking prices”) began rising in our weekly numbers, with a full-fledged upswing by the summer months:
As reported in DSNews about today’s Case-Shiller numbers – Detroit and Washington D.C. were the only two cities to see positive annual returns of +2.7 percent and +0.3 percent, respectively.
Just last week, our very own Jon Sterling pointed to Detroit as a top investor market based on our October National Housing Report.
If you’re not subscribed to our National Report, now would be an excellent time. It’s free and delivered to your inbox every week. Click here to add yourself to our list of VIPs who watch what’s happening in the housing market in real-time, so you don’t have wait two months for the Case-Shiller numbers.
But beware – our the weekly number (black line above) is now moving down now because of seasonality effects.