The Median Single-Family Home Price Posted Double-Digit Year-Over-Year Decline in Q3 2009
In particular, the median US single family home price dropped from $200,400 in the third quarter of 2008 to $177,900 in the third quarter of 2009, representing a year-over-year decrease of 11.2%. However, this represents a deceleration of the annual rate of decline compared to the 15.6% year-over-year drop registered in Q2 2009.
Median single family home prices posted year-over-year declines in all US regions in Q3 2009, but at decelerating rates. The Northeast posted the second worst performance in Q3 2009 as the median single family home price dropped 9.4% compared to its Q3 2008 level. Median single family home prices declined by 7.9% and 5.5% in the South and Midwest, respectively, from their Q3 2008 levels. 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.
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