Detroit Home Sale Prices Continue Major Jumps

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

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)