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]

{ 1 comment }

Moe September 1, 2011 at 9:49 pm

Great Blog. Really nice and detailed information. I can tell you are putting your time into it. Thanks for some new perspectives on this real estate industry.

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