Not everything is headed down in today's real estate market. Despite that median home prices fell in 123 out of 153 U.S. metro areas, according to recent data from the National Association of Realtors, median home prices are up in 30 cities from where they were a year ago. And some of these cities have seen substantial increases. Could these cities be harbingers of more positive real estate news? I hope so.
Maryland and West Virginia's Cumberland metropolitan area saw its median price increase 19.2 percent from a year ago to $122,100. In the Davenport-Moline-Rock Island metro area in Iowa and Illinois, the median home price increased 14.3 percent to $115,600 from a year ago.
Of course, none of the 30 cities hail from states like Florida and California, which saw prices soar during the housing boom and crash equally hard when it ended. (Nor are they in New Jersey, where I live. Guess I'll be staying put for a while.)
The Christian Science Monitor has a very helpful list of the 30 cities that have seen year-over-year gains in median price, while NAR's website offers extensive existing-home sale data for the third quarter, if you'd like to take a look.
Readers: How is the real estate market looking in your area? Is there any indication that the market may start to improve?-Lauren Baier Kim
Read More on: real estate trends, real estate data, home prices, U.S. housing market
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