This information comes from the National Association of Realtors for Quarter 4 of 2006:
NAR 4th quarter 2006 home prices | ||||
Metro Area | Median Price 4Q 2005 (000s) | Median Price 4Q 2006 (000s) | % Change (1-yr) |
U.S. | $225.3 | $219.3 | -2.7% | |
NORTHEAST | $281.7 | $274.6 | -2.5% | |
MIDWEST | $168.9 | $161.8 | -4.2% | |
SOUTH | $188.7 | $181.7 | -3.7% | |
WEST | $353.6 | $355.1 | 0.4% |
As part of its quarterly survey, the National Association of Realtors reported a 2.7 percent decline in prices in the fourth quarter compared to the fourth quarter of a year earlier. That's the biggest year-over-year drop on record.
In addition, 73 markets of 149 tracked reported a decline in prices. That decline was far more widespread than in the third quarter, when only 45 markets reported drops.
But I'm just a lender...
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