Found 5 blog entries tagged as Wayne County Real Estate.

Detroit’s housing market just did something many longtime residents might find hard to believe: the city’s median home sales price hit six figures. In August, the City of Detroit’s median sales price reached a record $110,000, a nearly 16% jump from a year ago. For a city where not long ago you could buy a house for the price of a used car, this milestone is a big deal. It signals a real estate comeback in the Motor City that has folks from Corktown to East English Village talking. What does a $110K median mean for Detroiters? Let’s dive into the numbers and the local insight, from soaring prices to cooling sales, to understand what’s happening in Metro Detroit’s housing market and what it means for families, buyers, and sellers alike.

A Milestone…

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Metro Detroit is turning a corner and gaining people, a trend that has locals buzzing. After decades of population loss and slow growth, new census data shows a modest but meaningful uptick in the region’s population, driven largely by thriving immigrant communities and new housing developments. In a tone of optimism and hometown pride, let’s dive into which Metro Detroit communities are growing the fastest, why it’s happening, and what it means for families and residents. This is the inside scoop from a lifelong Michigander’s perspective, offering friendly expert insights on where people are moving and why these areas are booming.

A Population Surge Fueled by Diversity and Immigration

Metro Detroit’s growth spurt is closely tied to its…

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Selling a home in Northville, Michigan is a significant financial transaction – and it involves more than just finding a buyer. If you’re planning to sell a home here in 2025, it’s important to understand the various closing costs and fees you’ll be responsible for as a seller. Whether you own a single-family house in a subdivision, a downtown Northville condo, a townhouse, or a luxury estate, the sale will involve expenses beyond the agent’s commission. This comprehensive guide breaks down what Northville home sellers typically pay, using the latest data and examples to help you budget. We’ll also explain which fees are negotiable and how working with an experienced local team (like The Perna Team) can make your sale more cost-effective and predictable.

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Selling a home in Metro Detroit can be a lucrative opportunity – but even in a strong market, certain missteps can cost you time and money. Metro Detroit’s real estate scene is diverse and dynamic, encompassing everything from classic bungalows in Ferndale and sleek downtown condos to luxury estates in Bloomfield Hills. Whether you own a suburban single-family house, an urban loft, or a high-end property, the goal is the same: achieve the best price in the shortest time. To do that, it’s critical to avoid the common pitfalls that often trip up sellers in our area. In this comprehensive guide, we’ll review the Metro Detroit housing market’s latest trends (2024–2025) and outline the most frequent mistakes sellers make – and how to avoid them. You’ll also…

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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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