STRONGEST HOUSING MARKETS
National Association of Realtors strongest housing markets, by price appreciation, for third quarter 2008:
City |
Median price |
% change |
1. Elmira, N.Y. |
$105,000 |
+12.5% |
2. Decatur, Ill. |
$83,400 |
+8.7% |
3. Bloomington-Normal, Ill. |
$168,400 |
+8.1% |
4. Wichita |
$125,300 |
+5.5% |
5. Tulsa |
$139,800 |
+5.1% |
6. Amarillo, Texas |
$128,300 |
+4.2% |
6. (tie) Trenton-Ewing, N.J. |
$342,500 |
+4.2% |
8. New Orleans-Metarie, La. |
$166,800 |
+4.1% |
9. Charleston, W.Va. |
$127,700 |
+3.5% |
10. Buffalo-Niagara Falls, N.Y. |
$114,200 |
+3.2% |
Source: National Association of Realtors
Steady but slow appreciation is the hallmark of the Wichita, KS metro housing market which in the 3rd quarter of 2008, propelled it to the fourth-best market in the United States in Average home appreciation.
The Strongest price gains were affordable markets with healthy economies. A number of Mid-American cities meet these criteria.
Sales are down in the Wichita area but that is tempered by an equal drop in active properties on the market.
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