April Real Estate Data for Michigan = Recovery?
Michigan home sales in April 2010 vs. April 2009: +9.46%
Michigan home sales Year to Date (YTD) through April 2010 vs. 2009: +7.40%
Michigan avg. sales price in April 2010 vs. 2009: +14.87%
Michigan averages sales price YTD 2010 vs. 2009: +12.16%
Bottom Line: With unit home sales in Michigan increasing this year for both: a) the month of April vs. last year, and b) YTD through April this year vs. last year, and with average home prices increasing by double-digits for: c) the month of April (14.87%), and d) YTD through April (12.16%), I think there's a case for a real estate recovery going on in Michigan this year.