Economy
12:15 pm
Tue June 26, 2012

Detroit housing prices down in April, but up from last year

Detroit housing prices fell 3.6 percent from March to April, but were still higher than they were in April 2011.

A report released today by S&P/Case-Shiller Home Price Indices shows that, nationwide, home prices rose for the first time in seven months. But Detroit was the only city, of the 20 "metropolitan statistical areas" (MSA's) they look at, to show a monthly decline.

The news wasn't all bad for Detroit.

Looking annually, Detroit is one of 10 cities that saw prices rise compared with the same period a year ago. On a national level, annual figures ticked downward.

-John Klein Wilson, Michigan Radio Newsroom