Detroit Home Sales Rose 7.2% in November Over 2011

Detroit Gay Real EstateReal estate sales in the Detroit area posted another monthly gain in November compared to November 2011, and prices jumped even faster.

The number of sales in the 10-county region for the month was 5,506 in November, up 7.2 percent from 5,134 in November 2011. And the median sale price was $87,550, up 25.1 percent from $70,000 in the same month a year earlier.

And the sales growth came entirely in non-foreclosure transactions, which grew 18.3 percent to 3,682, from 3,112 a year earlier. Foreclosure sales in the region fell 9.8 percent to 1,824 from 2,022 a year earlier.

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Authored By Matt Roush – See the Full Story at CBS Local

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