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Housing prices continue to defy forecasts of a slowdown.
NEW YORK (CNN/Money) - February, 2005
Nationally, median home prices gained 8.8 percent in the fourth quarter versus the same period in 2003, according to a National Association of Realtors (NAR) report.
The median price was $187,500, which means that half the homes tracked cost more and half cost less. Of the 129 markets tracked, 62 areas had growth of more than 10 percent.
Over the past 12 months, Las Vegas home values showed the biggest gains. The median price of an existing single-family home in and around Sin City were up 47.3 percent. In Riverside and San Bernardino counties near Los Angeles prices were up 34.7 percent.
Six of the top-performing markets are in Florida with West Palm Beach and Boca Raton up 34 percent.
Not all markets have seen these kinds of gains. In nearly 17 metro areas, prices inched up less than 3 percent. In four metros, prices declined.
The NAR report for the fourth quarter was released on Feb. 15; first-quarter results are due on May 12.
| Metro Area | State | Percent Change |
Median Price |
| Las Vegas | NV | 47.3% | $281,400 |
| Riverside-San Bernadino | CA | 34.7% | $322,400 |
| West Palm Beach-Boca Raton | FL | 34.0% | $338,800 |
| Bradenton | FL | 32.% | $245,700 |
| Sacramento | CA | 31.5% | $343,800 |
| Melbourne - Titusville - Palm Bay | FL | 30.5% | $172,200 |
| Washington | DC | 26.9% | $370,800 |
| Ocala | FL | 26.8% | $114,100 |
| Ft. Myers-Cape Coral-Punta Gorda | FL | 26.5% | $198,000 |
| Sarasota | FL | 25.8% | $279,500 |
| Ft. Lauderdale-Hollywood-Pompano Beach | FL | 25.6% | $296,800 |
| Miami-Hialeah | FL | 25.5% | $297,200 |
| Reno | NV | 25.5% | $286,200 |
| San Diego | CA | 24.8% | $569,900 |
| Spokane | WA | 24.4% | $152,700 |
| Los Angeles-Long Beach | CA | 23.7% | $470,900 |
| Honolulu | HI | 22.8% | $490,000 |
| Orlando | FL | 21.7% | $184,400 |
| Norfolk Va. Beach-Newport News | VA | 21.1% | $167,700 |
| Daytona Beach | FL | 19.6% | $162,600 |
| Pensacola | FL | 19.2% | $139,600 |
| Anaheim-Santa Ana | CA | 19.1% | $627,500 |
| Atlantic City, NJ | NJ | 18.9% | $216,500 |
| Tucson | AZ | 18.5% | $185,300 |
| Phoenix | AZ | 17.9% | $180,200 |
| Jackson | MS | 17.5% | $123,600 |
| Wilmington | DE-NJ-MD | 17.3% | $192,500 |
| New Haven-Meriden | CT | 16.5% | $264,600 |
| Monmouth-Ocean Counties | NJ | 16.5% | $338,400 |
| Albany-Schenectady-Troy | NY | 16.0% | $168,600 |
| Tacoma | WA | 15.9% | $211,700 |
| Jacksonville | FL | 15.7% | $153,700 |
| Philadelphia | PA-NJ | 15.6% | $187,900 |
| Nassau-Suffolk | NY | 15.2% | $431,900 |
| Middlesex-Somerset-Hunterdon | NJ | 15.0% | $358,200 |
| Newark | NJ | 14.9% | $369,500 |
| Albuquerque | NM | 14.8% | $155,800 |
| Eugene-Springfield | OR | 14.7% | $174,100 |
| Tampa-St.Petersburg-Clearwater | FL | 14.6% | $168,500 |
| Providence | RI | 14.5% | $275,600 |
| Bergen-Passaic | NJ | 14.4% | $423,500 |
| San Francisco | CA | 14.3% | $656,700 |
| Baltimore | MD | 14.0% | $248,400 |
| Shreveport | LA | 13.8% | $115,500 |
| New York-North NJ-Long Island | NY | 13.8% | $403,600 |
| Portland | OR | 13.7% | $218,700 |
| Waterloo/Cedar Falls | IA | 13.2% | $97,900 |
| Buffalo-Niagara Falls | NY | 13.1% | $94,800 |
| Springfield | MO | 12.4% | $109,100 |
| Richmond-Petersburg | VA | 12.4% | $176,200 |
| Trenton | NJ | 12.1% | $229,400 |
| Tallahassee | FL | 12.0% | $156,300 |
| Corpus Christi | TX | 11.5% | $114,500 |
| Biloxi-Gulfport | MS | 11.3% | $117,300 |
| Milwaukee | WI | 11.3% | $199,300 |
| Birmingham | AL | 10.8% | $149,700 |
| Oklahoma City | OK | 10.8% | $109,700 |
| Hartford | CT | 10.7% | $232,800 |
| Springfield | MA | 10.7% | $171,200 |
| New Orleans | LA | 10.5% | $140,300 |
| Aurora-Elgin | IL | 10.3% | $221,000 |
| Fargo | ND | 10.0% | $128,000 |
| Boston | MA | 9.4% | $387,800 |
| Topeka | KS | 9.3% | $99,100 |
| Portland | ME | 9.3% | $236,600 |
| Saint Louis | MO-IL | 9.3% | $129,100 |
| Worcester | MA | 9.2% | $276,500 |
| Toledo | OH | 8.8% | $112,400 |
| Davenport/Moline/Rock Island | IA-IL | 8.4% | $104,400 |
| Seattle | WA | 8.4% | $299,800 |
| Rockford | IL | 8.3% | $125,800 |
| Kalamazoo | MI | 8.2% | $126,200 |
| Chattanooga | TN-GA | 7.7% | $126,400 |
| Knoxville | TN | 7.5% | $135,200 |
| Cedar Rapids | IA | 7.4% | $133,400 |
| Lansing-E.Lansing | MI | 7.2% | $140,700 |
| Nashville | TN | 7.2% | $148,700 |
| Tulsa | OK | 7.1% | $118,100 |
| Green Bay | WI | 6.9% | $144,700 |
| Rochester | NY | 6.8% | $106,200 |
| Amarillo | TX | 6.7% | $100,400 |
| Syracuse | NY | 6.6% | $98,600 |
| Des Moines | IA | 6.5% | $141,600 |
| Champaign | IL | 6.5% | $119,700 |
| Charleston | SC | 6.5% | $180,400 |
| Salt Lake City-Ogden | UT | 6.5% | $159,700 |
| Montgomery | AL | 6.3% | $119,000 |
| Madison | WI | 6.3% | $210,800 |
| Pittsburgh | PA | 6.1% | $107,600 |
| Wichita | KS | 6.0% | $105,500 |
| Lexington-Fayette | KY-IN | 6.0% | $143,500 |
| San Antonio | TX | 6.0% | $122,500 |
| Baton Rouge | LA | 5.6% | $128,200 |
| Columbia | SC | 5.6% | $127,000 |
| Raleigh-Durham | NC | 5.5% | $185,600 |
| Little Rock-N. Little Rock | AR | 5.3% | $108,000 |
| Springfield | IL | 5.2% | $93,600 |
| Ft. Wayne, IN | IN | 5.1% | $94,900 |
| Akron | OH | 5.0% | $117,200 |
| Sioux Falls | SD | 4.9% | $127,300 |
| Dayton-Springfield | OH | 4.8% | $113,800 |
| Gary-Hammond | IN | 4.7% | $125,800 |
| Kansas City | MO-KS | 4.7% | $149,300 |
| Lake County | IL | 4.5% | $258,700 |
| Richland/Kennewick/Pasco | WA | 4.3% | $148,500 |
| Colordo Springs | CO | 4.2% | $192,300 |
| Minneapolis-St. Paul | MN-WI | 4.2% | $220,600 |
| Greensboro/Winston-Salem/High Point | NC | 3.8% | $140,300 |
| Columbus | OH | 3.4% | $143,400 |
| Atlanta | GA | 3.1% | $157,700 |
| Peoria | IL | 3.1% | $95,200 |
| Grand Rapids | MI | 3.0% | $132,100 |
| Chicago | IL | 2.7% | $242,600 |
| Cincinnati | OH-KY-IN | 2.7% | $143,000 |
| Memphis | TN-AR-MS | 2.4% | $134,800 |
| Houston | TX | 2.0% | $135,500 |
| South Bend-Mishawaka | IN | 1.8% | $96,400 |
| Denver | CO | 1.7% | $237,100 |
| Dallas | TX | 1.6% | $137,300 |
| Appleton | WI | 1.6% | $123,300 |
| El Paso | TX | 1.5% | $96,100 |
| Louisville | KY-IN | 1.1% | $131,800 |
| Greenville-Spartanburg | SC | 0.9% | $129,000 |
| Lincoln | NE | 0.8% | $133,100 |
| Mobile | AL | 0.6% | $126,900 |
| Beaumont | TX | -1.3% | $87,800 |
| Austin/San Marcos | TX | -2.1% | $151,300 |
| Indianapolis | IN | -3.9% | $113,400 |
| Charleston | WV | -4.2% | $107,200 |
| Cleveland | OH | NA | $137,500 |
| Metro Area | State | Percent Change |
Median Price |
| Source: National Association of Realtors | |||
*The original article can be found at the link below...
http://money.cnn.com/pf/features/lists/nar_4q/
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