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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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