U.S. housing: Case Shiller Detroit Home Price Index 2017-2024
The S&P Case Shiller Detroit Home Price Index has increased steadily in recent years. The index measures changes in the prices of existing single-family homes. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given month, for example, it means that the house prices increased by 30 percent since 2000. The value of the S&P Case Shiller Detroit Home Price Index amounted to approximately 188.75 in August 2024. That was below the national average.