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NAR Median Price Reports Encouraging

Results of the National Association of REALTORS® median price survey of single-family resale in 150 metro markets showed encouraging results for the 3rd quarter of 2007. Compared to the 3rd quarter in 2006, 93 markets showed improvement, 3 were even, and 54 declined.

Top-performing cities were:

Bismarck, ND (+15.1%); Salt Lake City, UT (+14.1%); Yakima, WA (+13.6%); Binghamton, NY (+11.4%); Charlotte/Gasonia/Concord, NC/SC (+11.0%) and Beaumont/Port Arthur, TX (+10.2%).

On a regional basis, prices in the Northeast were up 3.2%; the Midwest gained 0.5%; the South fell 3.6%; and the West lost 3.8%.

Read the November 21 press release or see how your metro area fared. Fourth quarter results will be released on February 14, 2008.

Posted by John Novak - Las Vegas and Henderson NV Real Estate on 11/23/2007 09:04 PM

Comments (4)

market statistics, pricing

Originally posted at: Las Vegas, Henderson and North Las Vegas Real Estate: NAR Median Price Reports Encouraging

4 Comments on NAR Median Price Reports Encouraging

NOV

2007

Hi John - ah, if only the media would find their way to some positive reporting, perhaps some of those markets that declined might actually be in the other category in the next NAR report!

Thanks for this info!
Ann

Ann - I agree. There is a lot of good news in the latest report, it's just a matter of looking at it from a local perspective rather than regional or national. Thanks for your input!

NOV

2007

Hi John, thanks for the links... Agree with Ann above - we need to see a bit more balanced reporting by the media. Oh well... I guess that's what we are for to bring what we see locally to the market.

Enjoy your Sunday!

Irina - You've got it! Local agents need to consistently share their insights about market activity with the public. Have a good week ahead!

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