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Trend Chart of the Day: Detroit Home Prices on the rise?

Much to the consternation of those around us, we first saw Detroit’s price strength back in April (See our National Housing Report).

From yesterday’s HousingWire article – “Home sales rise 9.6% in greater Detroit area”:

The Detroit area experienced a 9.6% surge in home sales in July… Home prices in the four-county metropolitan area climbed 8.8%…

Ask Prices: Detroit MSA since January 2010. Asking prices moved higher early in 2011 in response to early demand indicators.

Yep, I guess we were right on this one too… [self-aggrandizing tone intended]

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