According to the 2018 Annual Report on the Southest Michingan Housing Market by Realcomp MLS, the annual median price in the city of Detroit is up 25% from 2017.
According to the same report, the city of Detroit is up a whopping 150% from 2014 median prices.
In terms of dollars and cents, the median sales price in 2018 for the city of Detroit is $35,000, up from $28,000 in 2017.
The median sale price in the city of Detroit in 2014 was $14,000.
For the investor, this means that the $14,000 house you purchased in 2014 is now potentially worth $35,000 due solely to appreciation in the market value.
Now is the time to invest in Detroit real estate! There are lots of investment opportunities for you and if the market trend continues, your investment can double in value in 3 years.
Contact Anthony Legins today at 313-757-2375 to learn how to invest in the Detroit real estate market successfully.