Jun 17, 2025 - Real Estate
Home prices edge up in Detroit area
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Detroit-area home prices climbed 2.6% in April from a year earlier, according to Redfin data.
The big picture: 12 of the 50 largest metros saw prices dip compared to a year ago, per the real estate site.
Zoom in: Prices are falling or barely changing in parts of Florida, Texas and other areas where more homes are available.
- Prices are mostly rising in the Northeast and Midwest.
Reality check: Home sales have slumped nationally during what's typically the busiest season.
- Still-high prices — they're up around 52% from 2019, per Redfin — and elevated mortgage rates sidelined many homebuyers, especially first-timers.
- Economic uncertainty is also keeping some people away.
What we're watching: Redfin and Zillow forecast U.S. home prices will edge down by the end of 2025, while other experts expect a slow increase.