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.
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.