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Median home price rises as sales pick up; 155 metro areas


Wednesday, August 12th, 2009

Alan Zibel, AP Real Estate Writer
USA Today

Christopher Paulsen, left, decided to rent out a room in his house to recent college grad Ben Storrud after his son moved out of their Incline Village, Nev. home. Nevada had one of the highest housing price declines in the country in the second quarter. By Scott Sady, AP

WASHINGTON — A real estate group says home sales and prices posted gains in the second quarter, another sign that the ailing housing market is finally coming to life.

The National Association of Realtors says the median sale price in the quarter was $174,100, up 4% from the first quarter, but still almost 16% below a year ago.

Prices were down from a year ago in 129 of 155 metropolitan areas the group tracks. Thirty-nine states experienced sales increases from the first quarter and nine states were higher than a year ago.

Sales rose to a seasonally adjusted annual rate of 4.76 million, from 4.58 million in the first quarter, but were still about 3% below a year ago.

According to Lawrence Yun, NAR chief economist, the areas with the largest price declines were those with the most foreclosures.

The biggest drop, nearly 53%, was in Fort Myers, Fla. Prices also fell 35% or more in Phoenix, Riverside, Calif. and Las Vegas. The biggest price gain, nearly 31%, was in Davenport, Iowa, followed by Cumberland, Md., at nearly 22%.

Yun said the sales gain appears to be sustainable. “With low interest rates, lower home prices and a first-time buyer tax credit, we’ve been seeing healthy increases in home sales, which are a hopeful sign for the economy,” he said.

Yun said on average each home sale pumps an additional $63,000 into the economy because it generates demand for related goods and services.

Median sale prices in 155 metro areas

Metropolitan Area

Q2 2008

Q1 2009

Q2 2009

Change from Q2 2008

 

Akron, OH

$106.500

$50.100

$88.000

-17.4%

 

Albany-Schenectady-Troy, NY

$198.400

$184.500

$189.400

-4.5%

 

Albuquerque, NM

$199.400

$182.600

$182.200

-8.6%

 

Allentown-Bethlehem-Easton, PA-NJ

$251.500

$218.000

$225.600

-10.3%

 

Amarillo, TX

$124.600

$122.000

$127.300

2.2%

 

Anaheim-Santa Ana, CA (Orange Co.)

$578.000

$435.800

$468.100

-19.0%

 

Appleton, WI

$134.900

$110.300

$113.900

-15.6%

 

Atlanta-Sandy Springs-Marietta, GA

$158.300

$115.600

$121.400

-23.3%

 

Atlantic City, NJ

$255.900

$219.100

$218.700

-14.5%

 

Austin-Round Rock, TX

$194.200

$182.300

$194.000

-0.1%

 

Baltimore-Towson, MD

$280.500

$245.800

$253.000

-9.8%

 

Barnstable Town, MA

$350.200

$276.700

$325.600

-7.0%

 

Baton Rouge, LA

$165.700

$159.400

$168.500

1.7%

 

Beaumont-Port Arthur, TX

$124.900

$129.100

$138.600

11.0%

 

Binghamton, NY

$120.900

$110.300

$117.700

-2.6%

 

Birmingham-Hoover, AL

$163.500

$130.400

$152.300

-6.9%

 

Bismarck, ND

$152.500

$153.300

$157.800

3.5%

 

Bloomington-Normal, IL

$152.800

$153.800

$153.000

0.1%

 

Boise City-Nampa, ID

$191.000

$157.100

$160.400

-16.0%

 

Boston-Cambridge-Quincy, MA-NH**

$366.700

$290.700

$336.100

-8.3%

 

Boulder, CO

$375.800

$328.400

$373.300

-0.7%

 

Bridgeport-Stamford-Norwalk, CT

$449.900

$347.400

$442.900

-1.6%

 

Buffalo-Niagara Falls, NY

$108.200

$99.200

$115.400

6.7%

 

Canton-Massillon, OH

$102.800

$66.200

$101.500

-1.3%

 

Cape Coral-Fort Myers, FL

$178.100

$87.300

$84.000

-52.8%

 

Cedar Rapids, IA

$141.200

$127.300

$141.700

0.4%

 

Champaign-Urbana, IL

$142.900

$141.600

$141.000

-1.3%

 

Charleston-North Charleston, SC

$215.100

$188.200

$198.200

-7.9%

 

Charleston, WV

$136.600

$119.200

$131.200

-4.0%

 

Charlotte-Gastonia-Concord, NC-SC

$201.300

$171.500

$199.700

-0.8%

 

Chattanooga, TN-GA

$132.400

$117.900

$125.700

-5.1%

 

Chicago-Naperville-Joliet, IL

$257.600

$185.600

$204.300

-20.7%

 

Cincinnati-Middletown, OH-KY-IN

$139.500

$106.500

$129.600

-7.1%

 

Cleveland-Elyria-Mentor, OH

$117.500

$69.900

$106.000

-9.8%

 

Colordo Springs, CO

$214.700

$180.000

$189.000

-12.0%

 

Columbia, MO

$146.500

$152.600

$144.300

-1.5%

 

Columbia, SC

$149.500

$134.300

$137.900

-7.8%

 

Columbus, OH

$145.700

$118.300

$136.600

-6.2%

 

Corpus Christi, TX

$144.400

$126.300

$133.400

-7.6%

 

Cumberland, MD-WV

$101.500

$114.900

$123.500

21.7%

 

Dallas-Fort Worth-Arlington, TX

$151.000

$135.700

$150.700

-0.2%

 

Danville, IL

N/A

N/A

N/A

N/A

 

Davenport-Moline-Rock Island, IA-IL

$86.700

$100.300

$113.200

30.6%

 

Dayton, OH

$116.900

$79.700

$106.500

-8.9%

 

Decatur, IL

$94.200

$77.100

$91.300

-3.1%

 

Deltona-Daytona Beach-Ormond Beach, FL

$173.400

$128.700

$127.200

-26.6%

 

Denver-Aurora, CO

$225.200

$192.900

$223.700

-0.7%

 

Des Moines, IA

$156.600

$137.300

$150.100

-4.2%

 

Detroit-Warren-Livonia, MI

N/A

N/A

N/A

N/A

 

Dover, DE

$202.600

$201.000

$193.700

-4.4%

 

Durham, NC

$185.900

$171.500

$185.500

-0.2%

 

Elmira, NY

$76.400

$77.100

$85.000

11.3%

 

El Paso, TX

$137.700

$132.800

$131.800

-4.3%

 

Erie, PA

$103.900

$85.900

$98.100

-5.6%

 

Eugene-Springfield, OR

$230.200

$210.800

$202.400

-12.1%

 

Fargo, ND-MN

$140.200

$134.100

$141.200

0.7%

 

Farmington, NM

$192.800

$191.200

$188.600

-2.2%

 

Florence, SC

$114.200

$98.500

$115.500

1.1%

 

Ft. Wayne, IN

$96.500

$80.600

$94.600

-2.0%

 

Gainesville, FL

$204.800

$160.300

$178.200

-13.0%

 

Gary-Hammond, IN

$136.300

$92.000

$115.100

-15.6%

 

Glens Falls, NY

$167.900

$156.600

$152.400

-9.2%

 

Grand Rapids, MI

$112.500

$72.000

$86.500

-23.1%

 

Green Bay, WI

$150.400

$138.400

$141.300

-6.1%

 

Greensboro-High Point, NC

$153.200

$129.700

$141.800

-7.4%

 

Greenville, SC

$160.300

$142.000

$140.000

-12.7%

 

Gulfport-Biloxi, MS

$143.300

$132.800

$138.700

-3.2%

 

Hagerstown-Martinsburg, MD-WV

$193.100

$167.100

$164.900

-14.6%

 

Hartford-West Hartford-East Hartford, CT

$253.900

$222.300

$234.100

-7.8%

 

Honolulu, HI

$636.000

$570.000

$569.500

-10.5%

 

Houston-Baytown-Sugar Land, TX

$153.400

$138.500

$157.400

2.6%

 

Indianapolis, IN

$118.400

$94.600

$121.300

2.4%

 

Jackson, MS

$129.500

$122.600

$140.100

8.2%

 

Jacksonville, FL

$186.800

$154.100

$152.700

-18.3%

 

Kalamazoo-Portage, MI

N/A

N/A

N/A

N/A

 

Kankakee-Bradley, IL

$134.000

$116.600

$132.200

-1.3%

 

Kansas City, MO-KS

$152.800

$126.600

$144.100

-5.7%

 

Kennewick-Richland-Pasco, WA

$163.400

$159.300

$163.900

0.3%

 

Kingston, NY

$252.800

$194.300

$207.000

-18.1%

 

Knoxville, TN

$153.600

$138.600

$144.700

-5.8%

 

Lansing-E.Lansing, MI

$108.400

$65.600

$81.200

-25.1%

 

Las Vegas-Paradise, NV

$235.300

$155.300

$141.800

-39.7%

 

Lexington-Fayette,KY

$146.800

$133.800

$142.700

-2.8%

 

Lincoln, NE

$133.500

$132.400

$133.100

-0.3%

 

Little Rock-N. Little Rock, AR

$133.700

$125.400

$134.600

0.7%

 

Los Angeles-Long Beach-Santa Ana, CA

$418.900

$303.500

$311.100

-25.7%

 

Louisville, KY-IN

$134.900

$121.100

$132.700

-1.6%

 

Madison, WI

$227.400

$208.500

$214.200

-0.06%

 

Manchester-Nashua, NH

$254.800

$215.700

$222.600

-12.6%

 

Memphis, TN-MS-AR

$131.600

$96.100

$121.100

-8.0%

 

Miami-Fort Lauderdale-Miami Beach, FL

$310.200

$206.000

$207.400

-33.1%

 

Milwaukee-Waukesha-West Allis, WI

$219.900

$190.800

$218.100

-0.8%

 

Minneapolis-St. Paul-Bloomington, MN-WI

$210.800

$174.100

$184.500

-12.5%

 

Mobile, AL

$138.900

$127.900

$128.800

-7.3%

 

Montgomery, AL

$144.200

$122.500

$134.200

-6.9%

 

Nashville-Davidson–Murfreesboro, TN

N/A

N/A

N/A

N/A

 

New Haven-Milford, CT

$275.700

$216.500

$236.200

-14.3%

 

New Orleans-Metairie-Kenner, LA

$162.900

$150.800

$165.800

1.8%

 

New York-Northern New Jersey-Long Island, NY-NJ-PA

$454.000

$372.900

$379.800

-16.3%

 

New York-Wayne-White Plains, NY-NJ

$499.400

$423.200

$425.200

-14.9%

 

NY: Edison, NJ

$373.700

$320.900

$331.700

-11.2%

 

NY: Nassau-Suffolk, NY

$466.600

$376.700

$386.800

-17.1%

 

NY: Newark-Union, NJ-PA

$420.200

$350.400

$379.400

-9.7%

 

Norwich-New London, CT

$241.500

$199.600

$216.200

-10.5%

 

Ocala, FL

$147.600

$108.600

$110.200

-25.3%

 

Oklahoma City, OK

$131.000

$129.900

$128.300

-2.1%

 

Omaha, NE-IA

$138.000

$129.000

$134.900

-2.2%

 

Orlando, FL

$223.500

$154.800

$149.200

-33.2%

 

Palm Bay-Melbourne-Titusville, FL

$148.000

$114.300

$104.100

-29.7%

 

Pensacola-Ferry Pass-Brent, FL

$161.700

$137.200

$147.800

-8.6%

 

Peoria, IL

$124.800

$109.800

$126.100

1.0%

 

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

$235.700

$206.000

$211.000

-10.5%

 

Phoenix-Mesa-Scottsdale, AZ

$205.100

$129.200

$131.100

-36.1%

 

Pittsburgh, PA

$125.200

$103.400

$124.200

-0.8%

 

Pittsfield, MA

$222.900

$180.000

$189.000

-15.2%

 

Portland-South Portland-Biddeford, ME

$231.000

$192.100

$209.400

-9.4%

 

Portland-Vancouver-Beaverton, OR-WA

$286.100

$248.600

$246.200

-13.9%

 

Providence-New Bedford-Fall River, RI-MA

$269.200

$202.400

$215.700

-19.9%

 

Raleigh-Cary, NC

$213.200

$223.000

$211.300

-0.9%

 

Reading, PA

$153.600

$145.200

$151.900

-1.1%

 

Reno-Sparks, NV

$274.400

$209.800

$192.100

-30.0%

 

Richmond, VA

$239.300

N/A

$211.200

-11.7%

 

Riverside-San Bernardino-Ontario, CA

$265.200

$172.500

$161.500

-39.1%

 

Rochester, NY

$119.200

$105.600

$119.100

-0.1%

 

Rockford, IL

$120.700

$100.000

$113.400

-6.0%

 

Sacramento–Arden-Arcade–Roseville, CA

$229.500

$169.300

$177.500

-22.7%

 

Saginaw-Saginaw Township North, MI

$80.300

$30.300

$55.700

-30.6%

 

Saint Louis, MO-IL

$148.600

$100.900

$133.600

-10.1%

 

Salem, OR

$216.400

$200.000

$191.200

-11.6%

 

Salt Lake City, UT

$234.200

$230.100

$216.500

-7.6%

 

San Antonio, TX

$158.100

$145.200

$153.100

-3.2%

 

San Diego-Carlsbad-San Marcos, CA

$434.900

$330.500

$347.100

-20.2%

 

San Francisco-Oakland-Fremont, CA

$684.900

$402.000

$472.900

-31.0%

 

San Jose–Sunnyvale–Santa Clara, CA

$755.000

$450.000

$500.000

-33.8%

 

Sarasota-Bradenton-Venice, FL

$266.400

$155.200

$175.800

-34.0%

 

Seattle-Tacoma-Bellevue, WA

$380.500

$315.200

$328.400

-13.7%

 

Shreveport-Bossier City, LA

$142.500

$136.000

$146.800

3.0%

 

Sioux Falls, SD

$144.400

$95.500

$146.000

1.1%

 

South Bend-Mishawaka, IN

$89.400

$61.800

$88.100

-1.5%

 

Spartanburg, SC

$130.200

$109.100

$122.700

-5.8%

 

Spokane, WA

$196.600

$180.000

$177.800

-9.6%

 

Springfield, IL

$112.300

$111.400

$116.200

3.5%

 

Springfield, MA

$209.000

$170.100

$189.500

-9.3%

 

Springfield, MO

$121.200

$116.300

$120.900

-0.2%

 

Syracuse, NY

$123.600

$113.700

$124.600

0.8%

 

Tallahassee, FL

$166.400

$156.000

$149.800

-10.0%

 

Tampa-St.Petersburg-Clearwater, FL

$180.800

$135.300

$140.900

-22.1%

 

Toledo, OH

$104.100

$65.500

$87.100

-16.3%

 

Topeka, KS

$110.300

$106.500

$113.300

2.7%

 

Trenton-Ewing, NJ

$318.900

$252.500

$254.300

-20.3%

 

Tucson, AZ

$215.900

$176.400

$174.100

-19.4%

 

Tulsa, OK

$132.000

$127.000

$133.200

0.9%

 

Virginia Beach-Norfolk-Newport News, VA-NC

$225.000

$201.000

$216.000

-4.0%

 

Washington-Arlington-Alexandria, DC-VA-MD-WV

$371.100

$279.400

$319.200

-14.0%

 

Waterloo/Cedar Falls, IA

$115.400

$97.300

$106.700

-7.5%

 

Wichita, KS

$125.800

$108.100

$125.300

-0.4%

 

Worcester, MA

$247.300

$189.600

$220.300

-10.9%

 

Yakima, WA

$162.300

$143.500

$162.800

0.3%

 

Youngstown-Warren-Boardman, OH-PA

$71.700

$51.200

$71.500

-0.3%

 

U.S.

$206.400

$167.300

$174.100

-15.6%

 

NE

$272.300

$235.200

$246.000

-9.7%

 

MW

$160.700

$131.600

$146.800

-8.6%

 

SO

$176.900

$146.600

$158.600

-10.3%

 

WE

$289.700

$229.200

$212.600

-26.6%

 

Source: National Association of Realtors

 

 

 

 

 

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