Michigan home sale prices have made a major recovery from the bottom of the recession.
But home prices are still far below their peak eight years ago.
Michigan’s median home price reached its peak in September, 2005 at about $150 thousand.
After the bubble burst, home prices fell dramatically, tumbling to just $51 thousand dollars.
Median home prices bottomed out in June of 2009 and have been climbing slowly since.
Realty Trac’s Daren Bloomquist says Michigan’s median home price last month was $97 thousand dollars.