Asking Prices and Inventory for Homes in Detroit Michigan

As of May 23 2011 there were about 30,465 single family and condo homes listed for sale in Detroit Michigan. The median asking price of these homes was approximately $90,000. Since this time last year, the inventory of homes for sale has decreased by 17.6% and the median price has decreased by 17.4%.

	May 23, 2011	Month/Month	Year/Year
Median Asking Price	$90,000	+0.1%	-17.4%
Home Listings/Inventory	30,465	-0.1%	-17.6%

Recent Asking Price and Inventory History for Detroit

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
05/23/2011	30,465	$39,900	$90,000	$179,900
05/16/2011	30,549	$39,900	$90,000	$179,900
05/09/2011	30,443	$40,000	$90,000	$179,500
05/02/2011	30,213	$40,000	$90,000	$179,000
04/25/2011	30,502	$39,900	$89,900	$175,000

Detroit Asking Price History

The median asking price for homes in Detroit peaked in June 2006 at $178,378 and is now $88,378 (49.5%) lower. From a low of $84,925 in February 2011, the median asking price in Detroit has increased by $5,075 (6.0%).

25th, Median (50th) and 75th Percentile Asking Prices for Detroit Michigan

Detroit Housing Inventory History

Housing inventory in Detroit, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 84,312 in August 2007. The lowest housing inventory level seen was 30,236 in April 2011.

Housing Inventory for Detroit Michigan

Detroit Asking Price and Inventory History

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
May 2011	30,418	$39,950	$90,000	$179,575
April 2011	30,236	$39,900	$89,900	$174,950
March 2011	31,183	$39,030	$86,697	$169,450
February 2011	32,181	$39,375	$84,925	$164,725
January 2011	30,412	$39,922	$87,870	$165,920
December 2010	33,079	$41,500	$89,875	$167,725
November 2010	33,858	$46,760	$94,780	$173,360
October 2010	34,750	$49,900	$99,600	$179,450
September 2010	37,001	$49,900	$99,900	$182,425
August 2010	37,359	$49,960	$101,330	$188,100
July 2010	37,184	$50,475	$104,438	$189,900
June 2010	36,965	$53,675	$108,125	$190,975
May 2010	37,475	$54,920	$109,480	$190,720
April 2010	38,882	$55,000	$109,900	$190,599
March 2010	37,566	$54,920	$109,820	$190,518
February 2010	37,706	$54,650	$109,575	$189,900
January 2010	37,823	$54,675	$109,800	$189,925
December 2009	38,761	$55,975	$111,700	$194,350
November 2009	40,060	$59,820	$117,920	$199,890
October 2009	42,358	$60,250	$119,900	$202,450
September 2009	45,060	$64,075	$120,950	$208,200
August 2009	46,488	$64,997	$123,558	$207,940
July 2009	47,409	$67,725	$124,900	$211,025
June 2009	48,633	$68,740	$124,920	$209,920
May 2009	49,394	$68,475	$124,950	$208,068
April 2009	50,276	$65,200	$123,075	$202,725
March 2009	51,531	$64,050	$119,900	$199,900
February 2009	53,093	$60,199	$119,713	$199,450
January 2009	55,110	$60,572	$120,519	$200,546
December 2008	58,457	$61,567	$121,843	$203,209
November 2008	62,025	$62,530	$123,125	$205,786
October 2008	64,267	$63,525	$124,450	$208,450
September 2008	67,211	$66,300	$126,200	$211,760
August 2008	69,887	$69,923	$129,800	$217,187
July 2008	70,286	$72,850	$130,575	$219,675
June 2008	70,010	$76,781	$135,460	$223,795
May 2008	69,178	$79,449	$138,725	$224,975
April 2008	70,076	$76,125	$137,250	$223,750
March 2008	72,577	$71,299	$131,780	$220,555
February 2008	73,002	$69,950	$131,000	$223,950
January 2008	73,875	$71,807	$133,575	$224,925
December 2007	77,347	$77,660	$137,540	$228,140
November 2007	78,473	$81,575	$139,949	$233,175
October 2007	82,333	$86,264	$146,560	$239,720
September 2007	84,017	$89,900	$149,800	$245,300
August 2007	84,312	$92,724	$151,925	$249,575
July 2007	83,373	$95,880	$155,940	$253,295
June 2007	79,812	$99,900	$159,900	$259,900
May 2007	76,019	$99,450	$159,900	$259,924
April 2007	72,875	$99,500	$159,900	$259,940
March 2007	68,819	$99,900	$159,900	$259,975
February 2007	66,953	$99,900	$159,900	$264,450
January 2007	65,740	$99,920	$159,900	$262,918
December 2006	68,414	$104,412	$162,075	$268,925
November 2006	71,268	$109,175	$165,700	$271,825
October 2006	72,982	$111,620	$169,520	$276,720
September 2006	73,951	$114,899	$171,050	$279,675
August 2006	73,844	$115,616	$174,544	$282,950
July 2006	72,302	$118,560	$175,580	$288,283
June 2006	70,157	$119,900	$178,378	$289,900
May 2006	67,176	$119,250	$176,940	$289,900
April 2006	63,267	$117,930	$174,999	$289,899