Once again in February in the Detroit area real estate market, foreclosure sales are up and regular sales are down.
But foreclosure sales rose enough to drive total sales up.
That’s the word from Realcomp, the Farmington Hills provider of online information to real estate professionals.
In the five-county region tracked by Realcomp, foreclosure sales were 2,353 in the region in February, more than double 1,202 a year earlier.
Non-foreclosure sales fell to 1,829 in February from 2,389 a year earlier.
Foreclosure sales in Detroit rose from 465 in February 2008 to 676 in February 2009. Non-foreclosure sales tumbled from 465 a year ago to 201 this year.
Tuesday, March 10, 2009
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