For Sale Sign Detroit

(Tanya Moutzalias | MLive.com)

DETROIT, MI - The median selling price in Metro Detroit rose on an annual basis for a 16th straight month in June, according to figures released Monday by Farmington Hills-based Realcomp, the multiple listing service for southeast Michigan and a small portion of northern Ohio.

The median selling price in Metro Detroit climbed 20.2 percent year-over-year to $149,000 in June. Realcomp defines Metro Detroit as Oakland, Wayne, Livingston and Macomb counties.

When considering all of Realcomp's coverage area, there was good news both in terms of total sales by units and on-market inventory, Total sales by units edged up 1.1 percent to 6,375 homes sold across the coverage area in June. But in Metro Detroit, sales were down 2.4 percent to 4,831 units sold.

On-market inventory across Realcomp's coverage area jumped 22.6 percent to 23,862 homes. A breakdown of on-market inventory in Metro Detroit was not immediately available.

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

Wayne

The median selling price jumped 42.6 percent to $97,000, while total units sold dropped 6.8 percent to 1,699 homes.

Oakland

The median selling price grew 9.8 percent to $199,900, while total units sold declined 5.5 percent to 1,734 homes.

Macomb

The median selling price climbed 18.7 percent to $127,000, while the number of units sold rose 3.5 percent to 1,066 homes.

Livingston

The median selling price increased 12.4 percent to $199,400, while the total units rose 26.7 percent to 332 homes.

In the Grosse Pointe area, in which Realcomp includes all of the Pointes and Lake Township, total sales by units edged up 4.9 percent to 86 homes sold in May. The median selling price in the Pointes rose 10.2 percent year-over-year to $247,500.

For the Detroit area, which includes the city of Detroit, Hamtramck, Harper Woods and Highland Park, the median selling price grew 52.4 percent to a mere $16,005. Home sales by units plummeted 26.5 percent to 352 homes.

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