Home sale prices increased 7.3 percent last month in the four-county Metro Detroit region, according to data released Monday that compares the market to the market a year ago.
Farmington Hills-based Realcomp II Ltd. says median home sale prices climbed to $140,000 last month from $115,250 in February 2014 in Wayne, Oakland, Macomb and Livingston counties.
Total sales were up in the region from 2,979 to 3,693 last month.
Here’s a look at how home sales changed year over year by region:
| Area | March 2015 | March 2014 | Percent change |
|---|---|---|---|
| Detroit* | $15,000 | $10,000 | 50% |
| Macomb Co. | $127,000 | $112,250 | 13.1% |
| Oakland Co. | $192,000 | $161,000 | 19.3% |
| Wayne Co. | $88,200 | $60,000 | 47.0% |
| Livingston Co. | $200,000 | $185,925 | 7.6% |
* Detroit figures include city of Detroit, Hamtramck, Harper Woods, Highland Park
Monday’s data follow February’s 20.6 percent year-over-year increase in median home sale prices in the metro region. In February, the median home sale price was $129,000, up from $107,000 in February 2014.
