Home Prices may be bottoming out
2009 November 10
Prices rose for the second straight quarter but are still down sharply versus last year.
The bleeding in the housing market seems to be stanched, at least temporarily, according to home price data released on Tuesday. Most U.S. cities saw gains in the median prices of single-family homes sold during the three months ended Sept. 30, according to the National Association of Realtors‘ quarterly report on home prices. This is the second consecutive quarter of gains.
NAR 3rd quarter 2009 home prices†
| Metro Area | State | Median home price 3rd Quarter |
Percent change from 3rd Quarter 2008 |
|---|---|---|---|
| Akron | OH | $107,200 | -0.8% |
| Albany-Schenectady-Troy | NY | $195,400 | -4.9% |
| Albuquerque | NM | $183,500 | -5.1% |
| Allentown-Bethlehem-Easton | PA-NJ | $230,500 | -6.1% |
| Amarillo | TX | $122,500 | -4.5% |
| Anaheim-Santa Ana | CA | $498,800 | -3.3% |
| Appleton | WI | $123,500 | -3.1% |
| Atlanta-Sandy Springs-Marietta | GA | $129,400 | -14.5% |
| Atlantic City | NJ | $223,000 | -10.4% |
| Austin-Round Rock | TX | $189,100 | -0.9% |
| Baltimore-Towson | MD | $261,100 | -6.5% |
| Barnstable Town | MA | $319,700 | -5.4% |
| Baton Rouge | LA | $166,900 | -2.3% |
| Beaumont-Port Arthur | TX | $133,600 | 3.1% |
| Binghamton | NY | $114,200 | -1.1% |
| Birmingham-Hoover | AL | $153,300 | -1.8% |
| Bismarck | ND | $157,200 | 7.5% |
| Bloomington-Normal | IL | $157,200 | -6.7% |
| Boise City-Nampa | ID | $154,700 | -17.4% |
| Boston-Cambridge-Quincy | MA-NH** | $348,000 | -7.0% |
| Boulder | CO | $358,300 | -0.9% |
| Bridgeport-Stamford-Norwalk | CT | $398,200 | -15.6% |
| Buffalo-Niagara Falls | NY | $119,700 | 4.8% |
| Canton-Massillon | OH | $89,300 | -9.3% |
| Cape Coral-Fort Myers | FL | $98,000 | -40.0% |
| Cedar Rapids | IA | $145,700 | 7.6% |
| Champaign-Urbana | IL | $140,600 | -4.0% |
| Charleston | WV | $195,100 | -7.5% |
| Charleston-North Charleston | SC | $132,000 | 3.4% |
| Charlotte-Gastonia-Concord | NC-SC | $199,600 | -5.4% |
| Chattanooga | TN-GA | $124,100 | -6.5% |
| Chicago-Naperville-Joliet | IL | $210,100 | -16.2% |
| Cincinnati-Middletown | OH-KY-IN | $131,700 | -3.2% |
| Cleveland-Elyria-Mentor | OH | $115,800 | -0.5% |
| Colordo Springs | CO | $195,100 | -6.2% |
| Columbia | MO | $148,800 | -1.7% |
| Columbia | SC | $144,000 | -2.4% |
| Columbus | OH | $142,600 | -1.0% |
| Corpus Christi | TX | $137,800 | -1.2% |
| Cumberland | MD-WV | $122,100 | 19.2% |
| Dallas-Fort Worth-Arlington | TX | $150,500 | 0.2% |
| Danville | IL | N/A | N/A |
| Davenport-Moline-Rock Island | IA-IL | $115,600 | 14.3% |
| Dayton | OH | $111,600 | -2.2% |
| Decatur | IL | $88,500 | -5.2% |
| Deltona-Daytona Beach-Ormond Beach | FL | $126,700 | -21.9% |
| Denver-Aurora | CO | $229,100 | 1.8% |
| Des Moines | IA | $156,600 | 0.8% |
| Detroit-Warren-Livonia | MI | N/A | N/A |
| Dover | DE | $200,000 | -4.3% |
| Durham | NC | $184,300 | 3.6% |
| El Paso | TX | $94,500 | -9.9% |
| Elmira | NY | $132,800 | -2.6% |
| Erie | PA | $102,800 | -0.5% |
| Eugene-Springfield | OR | $206,600 | -8.1% |
| Fargo | ND-MN | $142,100 | 2.4% |
| Farmington | NM | $186,500 | -3.7% |
| Florence | SC | $121,300 | 2.4% |
| Ft. Wayne | IN | $102,500 | 6.9% |
| Gainesville | FL | $171,800 | -8.5% |
| Gary-Hammond | IN | $126,600 | -2.2% |
| Glens Falls | NY | $152,400 | -10.8% |
| Grand Rapids | MI | $97,100 | -10.2% |
| Green Bay | WI | $135,300 | -8.0% |
| Greensboro-High Point | NC | $131,700 | -9.5% |
| Greenville | SC | $145,900 | -6.9% |
| Gulfport-Biloxi | MS | $138,000 | -5.3% |
| Hagerstown-Martinsburg | MD-WV | $151,900 | -16.3% |
| Hartford-West Hartford-East Hartford | CT | $237,500 | -4.7% |
| Honolulu | HI | N/A | N/A |
| Houston-Baytown-Sugar Land | TX | $160,600 | 0.2% |
| Indianapolis | IN | $120,200 | 2.0% |
| Jackson | MS | $141,200 | 4.6% |
| Jacksonville | FL | $145,700 | -17.0% |
| Kalamazoo-Portage | MI | N/A | N/A |
| Kankakee-Bradley | IL | $133,600 | -5.1% |
| Kansas City | MO-KS | $146,200 | -0.7% |
| Kennewick-Richland-Pasco | WA | $172,200 | 0.7% |
| Kingston | NY | $206,600 | -18.4% |
| Knoxville | TN | $142,000 | -6.6% |
| Lansing-E.Lansing | MI | $86,600 | -15.6% |
| Las Vegas-Paradise | NV | $138,500 | -34.5% |
| Lexington-Fayette | KY | $145,000 | -3.7% |
| Lincoln | NE | $133,600 | -4.6% |
| Little Rock-N. Little Rock | AR | $132,500 | 2.0% |
| Los Angeles-Long Beach-Santa Ana | CA | $345,600 | -11.5% |
| Louisville | KY-IN | $135,600 | 0.1% |
| Madison | WI | $217,900 | -5.6% |
| Manchester-Nashua | NH | $237,600 | 2.6% |
| Memphis | TN-MS-AR | $129,300 | 2.2% |
| Miami-Fort Lauderdale-Miami Beach | FL | $217,000 | -24.6% |
| Milwaukee-Waukesha-West Allis | WI | $199,500 | -8.0% |
| Minneapolis-St. Paul-Bloomington | MN-WI | $184,800 | -9.9% |
| Mobile | AL | $128,300 | -7.5% |
| Montgomery | AL | $134,200 | -1.0% |
| NY: Edison | NJ | N/A | N/A |
| NY: Nassau-Suffolk | NY | $241,300 | -13.1% |
| NY: Newark-Union | NJ-PA | $164,300 | -1.5% |
| Nashville-Davidson–Murfreesboro | TN | $389,100 | -14.1% |
| New Haven-Milford | CT | $449,700 | -13.9% |
| New Orleans-Metairie-Kenner | LA | $343,800 | -8.9% |
| New York-Northern New Jersey-Long Island | NY-NJ-PA | $384,900 | -9.2% |
| New York-Wayne-White Plains | NY-NJ | $385,400 | -14.8% |
| Norwich-New London | CT | $217,100 | -7.8% |
| Ocala | FL | $102,700 | -24.0% |
| Oklahoma City | OK | $144,100 | 9.1% |
| Omaha | NE-IA | $137,600 | 0.1% |
| Orlando | FL | $157,900 | -26.0% |
| Palm Bay-Melbourne-Titusville | FL | $109,500 | -24.6% |
| Pensacola-Ferry Pass-Brent | FL | $151,700 | -0.5% |
| Peoria | IL | $125,200 | -0.1% |
| Philadelphia-Camden-Wilmington | PA-NJ-DE-MD | $227,500 | -5.6% |
| Phoenix-Mesa-Scottsdale | AZ | $142,700 | -22.9% |
| Pittsburgh | PA | $124,600 | 1.5% |
| Pittsfield | MA | $200,500 | -2.5% |
| Portland-South Portland-Biddeford | ME | $202,800 | -13.1% |
| Portland-Vancouver-Beaverton | OR-WA | $244,500 | -12.2% |
| Providence-New Bedford-Fall River | RI-MA | $229,700 | -7.2% |
| Raleigh-Cary | NC | $207,900 | -6.3% |
| Reading | PA | $156,400 | -4.3% |
| Reno-Sparks | NV | $192,200 | -24.1% |
| Richmond | VA | N/A | N/A |
| Riverside-San Bernardino-Ontario | CA | $168,100 | -26.0% |
| Rochester | NY | $121,500 | -1.7% |
| Rockford | IL | $108,700 | -8.0% |
| Sacramento–Arden-Arcade–Roseville | CA | $186,600 | -12.0% |
| Saginaw-Saginaw Township North | MI | $61,400 | -6.7% |
| Saint Louis | MO-IL | $136,400 | -4.4% |
| Salem | OR | $180,400 | -9.8% |
| Salt Lake City | UT | $218,900 | -4.9% |
| San Antonio | TX | $152,800 | -1.0% |
| San Diego-Carlsbad-San Marcos | CA | $378,100 | -3.3% |
| San Francisco-Oakland-Fremont | CA | $538,100 | -12.6% |
| San Jose-Sunnyvale-Santa Clara | CA | $566,000 | -12.9% |
| Sarasota-Bradenton-Venice | FL | $185,200 | -22.0% |
| Seattle-Tacoma-Bellevue | WA | $321,500 | -8.1% |
| Shreveport-Bossier City | LA | $152,300 | 8.6% |
| Sioux Falls | SD | $137,200 | -5.1% |
| South Bend-Mishawaka | IN | $88,500 | 0.6% |
| Spartanburg | SC | $127,200 | -0.4% |
| Spokane | WA | $177,600 | -7.1% |
| Springfield | IL | $114,400 | 3.2% |
| Springfield | MA | $195,400 | -5.4% |
| Springfield | MO | $113,800 | -7.6% |
| Syracuse | NY | $125,200 | -1.6% |
| Tallahassee | FL | $145,900 | -8.0% |
| Tampa-St.Petersburg-Clearwater | FL | $137,400 | -20.8% |
| Toledo | OH | $88,300 | -12.1% |
| Topeka | KS | $111,100 | -0.6% |
| Trenton-Ewing | NJ | $291,200 | -15.0% |
| Tucson | AZ | $174,000 | -12.7% |
| Tulsa | OK | $132,100 | -5.5% |
| Virginia Beach-Norfolk-Newport News | VA-NC | $215,000 | -5.7% |
| Washington-Arlington-Alexandria | DC-VA-MD-WV | $324,700 | -2.5% |
| Waterloo/Cedar Falls | IA | $118,200 | 2.4% |
| Wichita | KS | $120,400 | -3.9% |
| Worcester | MA | $224,100 | -5.0% |
| Yakima | WA | $158,400 | 2.7% |
| Youngstown-Warren-Boardman | OH-PA | $70,700 | -4.8% |
| U.S. | $177,900 | -11.2% | |
| NE | $244,500 | -9.4% | |
| MW | $150,200 | -5.5% | |
| SO | $160,000 | -7.9% | |
| WE | $224,000 | -16.4% |
California prices provided by the California Association of REALTORS®
*All areas are metropolitan statistical areas (MSA) as defined by the US Office of Management and Budget as of 2004. They include the named central city and surrounding areas. N/A Not Available p Preliminary r Revised
† Most current data available
© 2008 National Association of REALTORS®
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