Trend Chart of the Day: Detroit Home Prices on the rise?

August 16, 2011

by Scott Sambucci

1 comment

Much to the consternation of those around us, we first saw Detroit’s price strength back in April (See our National Housing Report).

From yesterday’s HousingWire article – “Home sales rise 9.6% in greater Detroit area”:

The Detroit area experienced a 9.6% surge in home sales in July… Home prices in the four-county metropolitan area climbed 8.8%…

Ask Prices: Detroit MSA since January 2010. Asking prices moved higher early in 2011 in response to early demand indicators.

Yep, I guess we were right on this one too… [self-aggrandizing tone intended]