Metro Detroit home prices climb 20% in June

The spring home-buying season proved to be a bountiful one for regional property values as buyer confidence increased.

Excerpt:

"The median selling price in Metro Detroit rose on an annual basis for a 16th straight month in June, according to figures released Monday by Farmington Hills-based Realcomp, the multiple listing service for southeast Michigan and a small portion of northern Ohio.

The median selling price in Metro Detroit climbed 20.2 percent year-over-year to $149,000 in June. Realcomp defines Metro Detroit as Oakland, Wayne, Livingston and Macomb counties."

More here.
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