Median Home Sale Prices Continue Rising Locally This Spring, Report Shows
"Home sales have been going up," one Shelby Township real estate agent says.
Refreshing news for local home-sellers is in the latest look at sale prices for homes and condos in four Metro Detroit counties. Median prices rose to $70,000 in Oakland, Macomb, Livingston and Wayne last month, a 1.6-percent rise from March. The new median is nearly 19 percent higher than in April 2011, says a report Monday from Realcomp II Ltd., a multiple listing service in Farmington Hills. Selling prices rose within each county, extending a four-month trend for 2012. Livingston County has the highest median ($150,000), followed by Oakland ($114,500), Macomb ($72,500) and "Greater Wayne," excluding Detroit ($62,000). Percentage increases from the previous April are in a table below. Sales volume slipped for the first time in 10 …
In this Article:
John Hetzler
3:56 pm on Monday, May 14, 2012
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