Metro home sales up, but prices plunge | Freep.com | Detroit Free Press: "The median price on a house or condo sold in Detroit last month plummeted 57%, to $9,250, from $21,250 a year ago, according to figures released Monday by Realcomp, a multiple listing service based in Farmington Hills.
Foreclosures represented two-thirds of sales in Detroit in September, and they boosted sales by 81% as buyers laid claim to 1,019 homes.
For the wider metro area, the median sale price was down 34%, from $129,000 a year ago to $85,000 last month."
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Detroit median housing unit price: $9,250.
Detroit metro area median housing price: $85,000
Last one out, turn off the lights.
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