Found 4 blog entries tagged as Detroit Housing Trends.

Metro Detroit’s housing market is making headlines, and for once, it’s not the usual story of steady-as-she-goes growth. Home prices in the Motor City metro are soaring at one of the fastest rates in the nation. In fact, recent data showed Metro Detroit near the very top of U.S. cities for annual home price appreciation. Detroit even briefly held the #1 spot for fastest-rising prices late last year. This surge has caught the attention of families and industry experts alike. What’s fueling this sudden rise, and what does it mean for local buyers and sellers? Let’s break it down, with the friendly insight of a lifelong Michigander who’s seen a thing or two in this market.

Metro Detroit Home Prices Soar to the Top of the Charts

It might surprise…

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You’ve seen the headlines everywhere: “Recession looming,” “Inflation uncertainty,” and “Mortgage rate volatility.” Conversations at work, at the local coffee shop, or even around the dinner table probably sound similar: “Maybe we should wait until the recession hits before making a real estate move.” It’s understandable. On paper, recessions seem like they should bring falling prices and lower interest rates, creating the perfect conditions to buy or prompting urgency to sell quickly before values decline.

But here's the truth from someone who’s been through multiple market cycles in Metro Detroit: real estate markets rarely behave exactly as expected. Instead of making emotional or speculative decisions based solely on the fear of recession,…

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It’s been an unusual spring for Metro Detroit real estate. If you’ve been house-hunting around Ferndale, Royal Oak, or Troy — or just driving through neighborhoods spotting “For Sale” signs — you might have noticed something surprising: homes aren’t selling quite as fast as they used to. In fact, home sales are down significantly this spring compared to last year. Buyers have more choices, yet many sellers seem hesitant. What’s going on with Metro Detroit’s housing market? And why do local experts think this slowdown may be short-lived? Let’s dive into the trends shaping our area’s market and why a turnaround could be on the horizon.

Spring Slowdown: Sales Dip Despite More Inventory

After a frenzied few years, Metro Detroit’s spring housing…

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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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