Key stat: Prices fell 10.5 percent there year over year
Auto industry woes have devastated the Detroit housing market. The loss of more than 10 percent off the median-priced single-family home in the past 12 months only tells part of the story. It does not take into account inflation, and it only factors in houses that have actually sold, not the many others that might be languishing on the market.
Some oversold Florida cities, led by Sarasota, experienced a turndown. The condo market was also weak there, falling 11 percent.
Source: National Association of Realtors
America's slowest-appreciating housing market
Detroit, MI
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