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Southeast Michigan Home Sales Rise 7%, Sale Prices Up 5.3%
House sales and median sale prices in southeast Michigan rose 5.3% in January compared to a year ago, further signaling that the regional economy might be climbing out of its deep recessionary hole. Home sales in the metro Detroit area rose 7% in January from the same month a year ago.
In another sign of a market heating up, the average number of days a home spent on the market decreased in January by seven days from 96 to 89 compared to the same month the year before.
