Housing Market in Dexter, Chelsea Sees Record Growth in 2012
Property values increased 8.3 percent from December 2011, according to the Ann Arbor Board of Realtors.
Home prices in Michigan closed out 2012 with solid gains, according to a prominent industry report released Tuesday. Property values increased 6.8 percent from December 2011, according to the S&P/Case-Shiller Home Price Index, the most substantial year-over-year gain since July 2006. In Washtenaw County, home values increased by 8.3 percent from December 2011, according to the Ann Arbor Board of Realtors. The report shows that sales of residential properties were up 9.2 percent, and the average sale price was $210,616. Dollar volume for the year was up 19.2 percent, reflecting the increased market activity and higher sale prices in the county. Sales of condos were up 12.7 percent from 2011 as well. "A lot of agents had the best year of …
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