SINGLE FAMILY HOME PRICE TRENDS Q3 2009

Single family home price trends varied considerably across US metropolitan residential markets in Q3, according to metropolitan-specific data released by the National Association of Realtors (NAR).

Real Estate
Investment Mathematics!
Download it RISK-FREE
and Get a Free Loan Amortization Spreadsheet!

Although median single family home prices posted year-over-year declines in all US regions there were several metropolitan housing markets, among the 153 covered by NAR, that registered year-over-year increases in the third quarter of 2009.

Cumberland, MD-WV was the best performing metropolitan market with a 19.2% year-over year increase, while Cape Coral-Fort Myers, FL, was the worst performing metropolitan area with a 40% year-over-year median price drop.

Davenport-Moline-Rock Island, IA-IL, Oklahoma City, OK, Shreveport-Bossier City, LA, and Cedar Rapids, IA, with year-over-year-increases of 14.3%, 9.1%, 8.6% and 7.6%, respectively, complete the list of five top markets in terms of positive single family home price trends. The graph below presents the 20 top performing markets and respective price increases.

20 Top Metropolitan Areas with Year Over Year Increases in Median Single Family Home Prices Q3 2009

Sources: National Association of Realtors,www.Property-Investing.org

Reflecting national and regional trends, metropolitan single family home price trends were mostly negative, as 123 out of the 153 posted year-over-year median price declines.

Las Vegas-Paradise, NV, Orlando, FL, Riverside-San Bernardino-Ontario, CA, and Palm Bay-Melbourne-Titusville, FL, complete the list worst performing markets in Q3 2009 on a year-over-year basis, with median price declines of 34.5%, 26.0%, 26.0% and 24.6%, respectively.

If you have an interesting comment in relation to this article please use the form below Related Posts to submit it. Please read submission guidelines before writing and submitting your comment.

Search Our Over 400-Page Website!