NAR median home prices

The National Association of Realtors just came out with their estimate of median home price changes from the first quarter of 2006 to the first quarter of 2007.

According to their data, the median home price in Phoenix declined 2.2% over the year while Tucson declined 2.5%.

And the winners are…

17.1% Cumberland, MD-WV

16.5% Beaumont-Port Arthur, TX

15.7% Gulfport-Biloxi, MS

15.6% Salem, OR

14.1% Bismarck, ND

12.7% Albuquerque, NM

12.3% Salt Lake City, UT

12.3% Seattle-Tacoma-Bellevue, WA

12.1% Oklahoma City, OK

12.0% Farmington, NM

11.2% San Antonio, TX

Not bad appreciation for one year!

And the losers are…

-7.3% Deltona-Daytona Beach-Ormond Beach, FL

-7.5% Green Bay, WI

-8.0% Palm Bay-Melbourne-Titusville, FL

-8.9% Reno-Sparks, NV

-10.9% New Orleans-Metairie-Kenner, LA

-12.0% Sarasota-Bradenton-Venice, FL

-14.9% Elmira, NY

May 15, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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