Admin

Metro Detroit Home Sales Rise in July

By
Real Estate Agent with Keller Williams Realty Northville Market Center

July was a good month in real estate home sales in Metro Detroit, so far the month of July sales has topped the previous months. The median sale price in July was $78, 000, that's not a staggering number by any means but it's up from $60, 000 back in January. It also has been reported that there is a decrease in the number of distressed properties and the more expensive homes are starting to sell again.

Things are looking up around here in Michigan at least real estate wise. More job creation= stability which equals increased home sales.. Let's keep it going Michigan!

 

Comments(6)

Show All Comments Sort:
Andrea Bedard
Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD
Fluent in Real Estate & German. Associate Broker.

Harry, I always like to read good news and a 30% increase sounds great! Combined with a decrease in distressed properties and the incentives you've blogged about before, it certainly sounds like Detroit is on the right track! 

Aug 16, 2011 02:50 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Good to see you back, I was afraid you were still shopping at those fancy stores you blogged about last time, lol.

Glad to see median prices rising.

Aug 16, 2011 03:42 PM
Harry Smith Jr.
Keller Williams Realty Northville Market Center - Detroit, MI
Realtor, Southeastern Michigan Homes For Sale

Andrea... Yes indeed, there is no news like good news.

Mona... lol. Nope got a little distracted but I'm back!

Aug 16, 2011 04:14 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Harry,

Glad to see things are looking up in Detroit.  It is time, and we are wishing you continued success.  A

Aug 17, 2011 04:37 AM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!

This is good news.  We have seen an increase in sales price and a decrease in inventory in West Michigan as well.

Aug 18, 2011 03:01 AM
Harry Smith Jr.
Keller Williams Realty Northville Market Center - Detroit, MI
Realtor, Southeastern Michigan Homes For Sale

Alexandra... It sure is time, thank you. I wish you the same!

Lola... Tell me about it, Michigan is slowly but surely making its way towards recovery.

Aug 18, 2011 03:57 AM