Metro Detroit has been named the top luxury housing market in the United States, according to a fall report from the Wall Street Journal and Realtor.com.
The lowest price for a home among the top 10% in the area is $721,625, the Emerging Housing Market Index report said, which is over $470,000 less than the national median of $1,243,506.
“Detroit rose to the top because it combines strong buyer demand, attainable pricing, and balanced market fundamentals, traits that have become increasingly valuable in today’s high-end housing landscape,” Anthony Smith, senior economist at Realtor.com., said in a news release…