Download - Detroit Market Trend RE/port- August
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RE/MAX of Southeastern Michigan
Detroit, MI (Real Comp)
Market Trend RE/port
August 2012
September 14, 2012
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August Highlights 2012 vs. 2011
For Detroit, MI comparing 2011 to 2012 there are . . .
• 279 more Properties sold than this time last year• Listings have been selling 5 days faster in 2012• 27% more listings under contract compared to August 2011• 40% less listings for sale in 2012• Average sales price has increased in 2012 by 10% or $9,100• 187% less monthly supply of inventory in 2012
• Inventory is dropping and prices are going in the right direction!
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Number of Units Sold
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Days on Market
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Pending Listings (Under Contract)
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Number of Listings For Sale
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Average Sales Price
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Monthly Supply of Inventory (Under Contract)
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Data provided by Terradatum. The above representation is based in whole or in part on data from the local Multiple Listing Service for the time period indicated. RE/MAX, the Multiple Listing Service, and the member Associations of REALTORS do not guarantee or are in any way responsible for the data accuracy.