Detroit is passing through a growing moment in foreclosure market. Nowadays, we have 182 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Detroit started September with 136 foreclosures available. October registered a fall to 136 homes, or 0.00%. The city had another down in November: 0.00%, leaving 136 properties in the market. Things got worse in December with a drop to 136 homes in foreclosure available (0.00%). Opportunities went abundant for buyers last month, with a rise, when Detroit registered 171 foreclosures, a 25.74% increase comparing to December.
As for the cost, Detroit has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Detroit for $327,935, a value 91.89% above the US average price ($170,894), and a 100.00% decrease compared to the prices of January in the city.



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