Depsite sluggish sales state-wide, home sales in the city of Detroit have risen in 2006.
Excerpt from article:
Locally, one of the few bright spots was in the city of Detroit
itself. Home sales through July 31 were up in the city almost 9%
compared to the same period last year, according to the Michigan
Association of Realtors.
That rise could reflect the city's mini-boom in downtown living.
It
might also mirror the availability of more riverfront condominiums
converted from former apartment buildings, as well as the renovation of
some older neighborhoods.