Prices and home sales in Metro Detroit’s real estate market are dropping, the result of the cooling change in seasons and rising interest rates, Nick Manes of Crain’s Detroit Business reports.
The median sale price of a house or condo in Southeast Michigan has fallen more than 7 percent since July and stands at $283,000, per Realcomp data, Crain’s reports.
That being said, median home prices remain higher than a year ago…