The Macomb County Michigan Real Estate Blog

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Metro Detroit Michigan area housing slowdown is ending

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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4 comments • David Elya ABR, e-PRO, GRI, SFR - Broker Owner • December 30 2006 10:09AM

Comments

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

Scott

Posted by David Elya ABR, e-PRO, GRI, SFR - Broker Owner (WEICHERT, REALTORS® - Excel) over 3 years ago
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.
Posted by Steve Dalton - Northwest Indiana Mortgages (219-465-8352 ) over 3 years ago
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?
Posted by Tony and Suzanne Marriott, Associate Brokers, REALTORS® (Haven Express @ Show Appeal Realty) over 3 years ago

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

Posted by Tony and Suzanne Marriott, Associate Brokers, REALTORS® (Haven Express @ Show Appeal Realty) 5 months ago

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