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WDAY: The News Leader

Published August 13, 2012, 06:22 PM

Detroit Lakes area housing market recovering

Detroit Lakes, Minn. (WDAY TV) - The housing market in lakes country has the signs of a recovery to pre-recession levels.

Detroit Lakes, Minn. (WDAY TV) - The housing market in lakes country has the signs of a recovery to pre-recession levels.

The median sale price for a house in the Detroit Lakes, Frazee, Lake Park and Pelican Lake area is up 27-percent from last year, going from $135,000 to $172,000.

Realtors say it's still a buyers’ market but strongly bending toward a good time to sell. There have been more sales and now fewer homes up for grabs.

Realtors say all signs that right now point to a bounce back. Interest rates remain at record lows.

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