Metro Detroit Home Sales Drop 14% in March: Why Prices Keep Climbing
Posted by Michael Perna on
Introduction: If you’ve been following the Metro Detroit real estate market, you might be scratching your head at the latest news. In March, home sales across Metro Detroit fell by about 14% compared to a year ago. Fewer people are buying homes right now – yet paradoxically, home prices are still rising. The median sale price in the region jumped roughly 6% year-over-year in March (to about $323,950)​. What’s going on here? In this article, we’ll break down the trends behind the numbers, from Detroit housing trends in each county to the factors driving prices up. We’ll also share some neighborly advice for homebuyers and sellers navigating these economic shifts (like rising interest rates and inflation). By the end, you’ll understand why prices keep…
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