Detroit

Detroit Home Sale Prices Continue Major Jumps

When you're at the bottom, there's nowhere to go but up

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November marked the ninth straight month in which the median selling price of metro Detroit homes climbed by double-digits annually, with an increase of 41 percent to $120,250, according to Farmington Hills-based Realcomp. The median selling price in metro Detroit in November 2012 was $85,100.

Realcomp, the Multiple Listing Service for southeast Michigan, defines metro Detroit as Wayne, Oakland, Livingston and Macomb counties.

(Hat tip to Charles WT)