Detroit house for sale

A house for sale in Detroit's Grandmont-Rosedale neighborhood on Detroit's west side. (Tanya Moutzalias | MLive.com)

DETROIT, MI - November marked the ninth straight month in which the median selling price of metro Detroit homes climbed by double-digits annually, with an increase of 41 percent to $120,250, according to Farmington Hills-based Realcomp. The median selling price in metro Detroit in November 2012 was $85,100.

Realcomp, the Multiple Listing Service for southeast Michigan, defines metro Detroit as Wayne, Oakland, Livingston and Macomb counties.

While prices continued to rebound, fewer homes were sold. For metro Detroit, total sales by units fell 8 percent year-over-year in November to 4,034 homes.

Here's a closer look at year-over-year home sales by county in November:

Wayne

The median selling price jumped 44 percent to $70,101, while total units sold dropped 14 percent to 1,494 homes.

Oakland

The median selling price grew 28 percent to $168,600, while total units sold dipped 5 percent to 1,395 homes.

Macomb

The median selling price rose 43 percent to $114,000, while the number of units sold was flat at 919 homes.

Livingston

The median selling price increased 18 percent to $189,500, while the total units sold fell 5 percent to 226 homes.

In the Grosse Pointe area, in which Realcomp includes all of the Pointes and Lake Township, the median selling price climbed 18 percent year-over-year to $230,000, while total sales by units decreased 27 percent to 49 homes in November.

In the Detroit area, which includes the city of Detroit, Hamtramck, Harper Woods and Highland Park, the median selling price rose 35 percent to $13,537. Home sales by units fell 13 percent to 393 homes.

Across Realcomp's total coverage area, which includes southeast Michigan and a small portion of northern Ohio, on-market inventory shrunk 10 percent to 21,499 homes. Of the 5,246 homes sold across Reaclomp's coverage area in November, 6 percent of the transactions were short sales.

Homes sold quicker in November of this year, spending 23 fewer days on the market at 51 days.

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