What you can get for $1 million

Here's what it would have bought you recently in six major metro areas: three where prices have risen the most in the past year and three where they've tanked.

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HOT MARKETS: Raleigh, N.C.
HOT MARKETS: Raleigh, N.C.
Up 2%

It's spanking new and deluxe all the way, from the butler's pantry with wine cooler to the spacious screened porch and patio.

Sale price: $1,009,800

Town: Cary

Bedrooms: 4

Taxes: $8,378

Square feet: 4,728

Lot size: 0.3 acres



NEXT: COLD MARKETS: Riverside, Calif.
Last updated February 18 2009: 6:20 AM ET
Source: Zillow.com; Tulsa Real Estate (Tulsa); Remax Plus (Rochester); Coldwell Banker Howard Perry & Walston (Raleigh); Coldwell Banker Armstrong Properties (Riverside); Dyson & Dyson Sotheby's International Realty (Las Vegas); Tomlinson Realty Group (Miami).
NOTES: Metro areas included are those with populations of 500,000 or more where median-price homes rose or fell the most last year through the third quarter. Only one metro area per state is included.
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