One Reason to Never Complain About the DC Real Estate Market

One Reason to Never Complain About the D.C. Real Estate Market was originally published on Housing Complex on Mar. 06, 2009, at 4:23 pm
 

 

From November through January, the median home sales price was $10,000 in Detroit.

Yeah. Seriously, it’s true.

 

Two bloggers over at Slate just picked up on this fact, and it was so astonishing, I had to look into it myself.

While the average Detroit listing price is $77,000,  a sales price of $10,000 is actually an improvement over the previous three month period’s reported price of $7,500.

And Detroit’s not the only midwestern city hurting. Here are the median sales’ prices for  Cleveland Ohio ($15,524) and  Gary Indiana ($16,000)*

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