Metro Detroit Home Prices Hold Steady.
Oakland County Average Price up 5% vs. June 2022.
Oakland County ascended to an average sales price of $435,000, up $21,000 vs. June 2022 and $21,500 over May 2023. This is one of the largest YoY and monthly increases I have seen in 20+ years of being a numbers nerd.
Not only did the Tigers put together a combined no hitter, so did Oakland, Macomb and Wayne Counties. The average sales price combined was $322,203.00 up $600.00 from June of 2022. Mortgage rates have been flirting with 7%, a flat market is amazing. The average sold price was $2,600.00 over list price, there is some housing love happening.
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