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The number of homes sold in Detroit Lakes increased in 2008 despite a downturn affecting several other sectors of the real estate business in the area. (Brian Basham/Tribune)

Detroit Lakes real estate market not suffering like other areas

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The real estate market in Detroit Lakes hasn't plunged as it has in other parts of the country.

While the total number of sales and the average sale price are down, the Lakes Country Association of Realtors said that the local real estate market is holding up well.


According to data provided by the LCAR, the number of sales decreased by 9.4 percent in 2008 compared to 2007 figures.

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