But that is not the whole story about the Detroit real estate market. In fact, we would like to share some facts from our exclusive Condo Market Report, to suggest that it could be the best time in 10 years for buyers to shop for a condo in the City. The raw data comes from the MLS/Realcomp, and the analysis is our own. First, there is a 10-year high point in terms of the number of condo listings on market right now. And, as the chart below shows, buyers on average are able to purchase at 9% below the original list prices.
Take a moment to review the graph below, and the supply and demand behavior, specific to the Detroit Condo market.