If you're in the market for a home, better bring your checkbook with you to the showing. Even the pricier homes are going fast.
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"Across four counties that comprise metro Detroit, the median home price jumped 48% in September over a year ago, and the number of sales rose 7%, according to sales figures compiled by Realcomp, a multiple-listing service in Farmington Hills, Mich.
"It's like someone turned off the water five years ago and just turned it back on," said John Hannett, a real-estate agent based in the tony northern suburb of Birmingham who has sold property for almost a half-century."
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