Realcomp reports May home sales for metro Detroit are up over 2011
Oakland, Macomb Counties see healthy gains in sales
DETROIT – Metro Detroit home sales this year showed a near 11 percent increase over May 2011, with Oakland and Macomb counties showing the biggest gains, according to Realcomp.
Oakland County saw an increase of more than 20 percent, or 1,717 sales in 2012, compared to 1,429 the previous year.
In Macomb, home sales rose 16 percent, or up to 1,070 in 2012, compared to 921 in 2011.
Wayne county saw a 1.4 percent increase with 1,996 sales in May 2012 compared to 1,969 in the same month in 2011.
Sanilac County showed the largest percentage gain - up nearly 77 percent with sales increasing to 23 in May 2012 up from 13 in May 2011.
Lapeer County showed largest increase in median sales prices with an increase of more than 35 percent with costs rising from $65,050 in May 2011 to $87,950 this May.
Wayne County wasn't far behind, with median sales increasing 34.5 percent from $33,450 in May 2011 to $45,000 this year.
Oakland County sales increased nearly 20 percent from $115,000 in May 2011 to $137,900 this year.
In Macomb, prices rose nearly 12 percent from $67,000 in May 2011 to $75,000 this year.
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