What Is Selling? Homes Close To Transit
According to real estate listing services, there are nearly 41,000 homes for sale in Detroit and its three neighboring counties — Wayne, Oakland and Macomb. That’s more than twice as many homes on the market as in 2004, when the housing slump started in southeast Michigan. Moreover, it takes an average of six months to sell a house in metropolitan Detroit, and prices have slipped 15 percent to 3o percent, depending on where the home is …