Encouraging News On The Real Estate Front For Home Sellers

DETROIT (WWJ) - New data shows that the Metro Detroit real estate market has been on a roll since 2010.

People who are selling their homes are getting more money for them and not waiting as long to sell them.

The latest report from Realcomp shows the median sale prices of homes in December jumped to $132,000. Up from $118,000 in November - an 88 percent jump between 2010 and 2014.
Homes for sale are staying the market for just under two months.

The report also shows the number of sales in December dropped slightly.

Genesee County, the Detroit area, and the Grosse Pointes each saw a jump in last month's median sale price by more than 20 percent, compared to December 2013.