GotApex? Forums - View Single Post - The median price of a home sold in Detroit in December was $7,500

guiseppewv · 03-04-2009, 06:12 AM

Quote:

Originally Posted by zippyjuan

The numbers are very confusing. Condos must be doing a ton better than homes because this says that the median residence including condos and homes was $47,000.
http://www.freep.com/article/2009021...SS06/302130004

Detroit would be a good place to be from, not in.

I guess it is all a matter of perspective because I wouldn't say this is good:

Quote:

The median sales price on all residential and condominium sales in metro Detroit fell 48.4% to $47,000 in January compared with $91,000 a year ago. The median home sales price in Detroit was down 39% to $7,000 from $11,500 a year ago.