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Macomb County Home Prices up 21%: What Does it Mean for Chesterfield and New Baltimore?

A look at local home sales in Chesterfield and New Baltimore for the month of November.

November housing statistics were recently released by Realcomp, one of the Multiple Lisitng Services in Southeast Michigan. November figures showed good signs for Macomb county, with home sale prices up 21.2% and the number of homes sold up 3.8%.

Locally, Chesterfield and New Baltimore showed positive signs as well.  In November the number of home sales in Chesterfield and New Baltimore increased 38% from November a year ago. Year to date, the volume of homes sold has increased 14%.

Average sales price in Chesterfield and New Baltimore were 28% higher in November 2012 than they were in November 2011, slightly higher than the county average. Low levels of listing inventory and low mortgage interest rates continue to help local real estate values. 

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