Buyers are willing to put more money where their mouth is when it comes to purchasing a home this year.
Excerpt:
"October marked the eighth straight month that the median selling price in Metro Detroit rose by double digits annually.
According to Realcomp, the Farmington Hills-based Multiple Listing Service for southeast Michigan, the median selling price for homes in Metro Detroit was up 41.9 percent year-over-year last month to $127,000...
Homes sold quicker in October of this year, spending 22 fewer days on the market at 56 days."
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