Home on Randolph Avenue 2013

Home for sale

(File photo)

DETROIT, MI - Metro Detroit median home sales prices continued to rise by double digits in April, albeit at a slightly slower pace, suggesting that the rebound since the housing market collapse is ongoing but could be losing a little bit of steam.

Metro Detroit median selling prices increased 24 percent year-over-year in April to $121,900, marking the 14th straight month of double-digit growth, according to numbers released Monday by Farmington Hills-based multiple listing service Realcomp.

The median selling price for the metro area in April of 2013 was $98,250. Realcomp defines Metro Detroit as Oakland, Wayne, Livingston and Macomb counties.

While prices continue to rise, inventory and actual sales have been declining. On-market inventory in Metro Detroit was down 6 percent annually in April. Sales across Metro Detroit fell 15 percent, with 3,947 units sold. Realtors have also said the harsh winter across much of the upper Midwest was a drag on sales.

Here’s a closer look at how each Metro Detroit county fared on an annual basis in April:

Wayne

The median selling price jumped 40 percent to $70,000, while total units sold dropped 16 percent to 1,553 homes.

Oakland

The median selling price grew 9 percent to $168,500, while total units sold declined 14 percent to 1,286 homes.

Macomb

The median selling price climbed 28 percent to $118,256, while the number of units sold dropped 14 percent to 862 homes.

Livingston

The median selling price increased 23 percent to $202,950, while the total units sold fell 5 percent to 246 homes.

In the Grosse Pointe area, in which Realcomp includes all of the Pointes and Lake Township, total sales by units were flat at 55 homes sold in April. The median selling price in the Pointes rose 26 percent year-over-year to $251,000.

For the Detroit area, which includes the city of Detroit, Hamtramck, Harper Woods and Highland Park, the median selling price grew 26 percent to a mere $12,500. Home sales by units decreased 27 percent to 419 homes.

David Muller is the business reporter for MLive Media Group in Detroit. Email him at dmuller@mlive.com or follow him on Twitter