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.
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