Homepage


Top housing markets
First quarter numbers are in. See how your hometown stacks up.

PLUS:
•  Lessons from the UK housing market
•  Risky real estate moves
•  Ultimate home guide 2005
NEW YORK (CNN/Money) - U.S. residential real estate markets lost no steam in the first quarter of 2005, according to statistics released Thursday by the National Association of Realtors (NAR).

The NAR's quarterly report covers 136 metro areas. A record 66 of these have experienced double-digit jumps in home prices over the past year.

The previous record was 62 in the last quarter of 2004. Only six areas showed a fall in prices and those declines were fairly modest.

The median price of a single-family American home hit $188,800 at the end of the first quarter, a rise of 9.7 percent compared with a year ago.

Three Florida metropolitan areas led the charge; home prices in Bradenton jumped 45.6 percent from a year earlier to $275,100. Sarasota was up 36 percent to $326,300 and the West Palm-Boca Raton area rose 35.9percent to $362,800.

Beaumont, Tex. led the list of six declining metro areas with a loss of 6.5 percent to $90,000. Other losers included Canton, Ohio (down 4.5 percent to $103,400), Syracuse, N.Y. (down 2.6 percent to $92,600), and Waterloo-Cedar Falls Iowa (down 2.6 percent to $86,500).

The NAR report for the first quarter was released on May 12; second-quarter results are due on August 15.

Metro Area State Percent
Change
Median Price
Bradenton FL 45.6% $275,100
Sarasota FL 36.0% $326,300
W. Palm Beach/Boca Raton/Delray Beach FL 35.9% $362,800
Riverside/San Bernardino CA 32.6% $343,400
Ft. Lauderdale/Hollywood/Pompano Beach FL 31.8% $320,700
Las Vegas NV 29.4% $291,000
Melbourne/Titusville/Palm Bay FL 29.3% $184,000
Orlando FL 28.7% $194,400
Miami/Hialeah FL 28.4% $315,700
Ocala FL 27.0% $122,200
Sacramento CA 26.9% $352,900
Honolulu HI 26.0% $529,100
Ft. Myers/Cape Coral FL 25.6% $215,700
Phoenix AZ 24.4% $193,800
Atlantic City NJ 23.2% $217,400
Washington DC/MD/VA 22.7% $369,000
Norfolk/Virginia Bch/Newport News VA 22.2% $174,000
Los Angeles Area CA 21.1% $474,700
San Diego CA 20.9% $584,100
New York: Monmouth/Ocean NJ 20.3% $358,500
Tucson AZ 19.8% $199,000
Tacoma WA 19.4% $221,900
Daytona Beach FL 18.6% $169,500
Pensacola FL 18.5% $143,800
New York: Middlesex/Somerset/Hunterdon NJ 18.2% $381,400
New York: Bergen/Passaic NJ 18.1% $448,100
New York/N. New Jersey/Long Island NY/NJ/CT 18.0% $435,200
Albany/Schenectady/Troy NY 17.5% $170,400
New York: Nassau/Suffolk NY 16.3% $446,700
Richmond/Petersburg VA 16.2% $180,500
Spokane WA 16.1% $136,300
Tampa/St. Petersburg/Clearwater FL 15.7% $172,800
Jackson MS 15.6% $123,500
Springfield MO 15.4% $126,400
Hartford CT 15.2% $244,500
Eugene/Springfield OR 15.1% $178,500
El Paso TX 15.0% $104,800
Rochester NY 14.9% $107,800
Wilmington DE/NJ/MD 14.9% $195,000
San Francisco Bay Area CA 14.8% $689,200
Boston MA 14.8% $398,300
Orange County (Anaheim/Santa Ana) CA 14.7% $656,900
Portland OR 14.7% $223,700
Jacksonville FL 14.5% $164,400
Springfield MA 14.4% $174,600
Rockford IL 14.0% $129,300
Seattle WA 13.7% $321,100
New York: Newark NJ 13.6% $379,700
New Haven/Meriden CT 13.6% $255,600
Ft. Worth/Arlington TX 13.3% $123,600
Providence RI 13.0% $271,200
Charleston WV 13.0% $112,500
Champaign/Urbana/Rantoul IL 12.9% $120,700
Biloxi/Gulfport MS 12.8% $121,100
Wichita KS 11.7% $105,100
Portland ME 11.5% $243,100
Nashville TN 11.3% $152,100
Albuquerque NM 11.1% $149,700
Aurora/Elgin IL 11.0% $229,300
New Orleans LA 10.9% $141,200
Birmingham AL 10.9% $152,100
South Bend/Mishawaka IN 10.7% $91,100
Amarillo TX 10.7% $102,600
Springfield IL 10.4% $92,700
Green Bay WI 10.3% $152,800
Oklahoma City OK 9.3% $110,300
Toledo OH 9.1% $118,600
Milwaukee WI 9.1% $198,900
Corpus Christi TX 9.1% $116,500
Charlotte/Gastonia/Rock Hill NC/SC 9.1% $169,400
Peoria IL 9.1% $91,500
Shreveport LA 9.0% $110,600
Buffalo/Niagara Falls NY 8.9% $93,900
Worcester MA 8.9% $279,300
Topeka KS 8.8% $95,500
San Antonio TX 8.6% $123,600
Montgomery AL 8.4% $118,300
Knoxville TN 8.3% $135,200
Chattanooga TN/GA 8.1% $123,800
Gainesville FL 8.0% $159,300
Trenton NJ 8.0% $225,400
Lexington/Fayette KY 7.9% $141,500
Gary/Hammond IN 7.6% $120,900
Mobile AL 7.2% $136,100
Baton Rouge LA 7.0% $130,500
Baltimore MD 6.9% $235,300
Charleston SC 6.9% $189,300
Chicago IL 6.9% $243,800
Fargo/Moorhead ND/MN 6.7% $125,300
Minneapolis/St. Paul MN/WI 6.7% $218,700
Tulsa OK 6.6% $112,300
Pittsburgh PA 6.6% $106,400
Tallahassee FL 6.6% $156,700
Columbia SC 6.6% $129,500
Akron OH 6.5% $111,200
Madison WI 6.5% $207,800
Little Rock-N. Little Rock AR 6.2% $108,600
Salt Lake City/Ogden UT 6.1% $157,000
Colorado Springs CO 6.0% $192,200
Appleton/Oshkosh/Neenah WI 5.9% $128,000
Houston TX 5.7% $138,100
Lansing/East Lansing MI 5.5% $135,200
Dallas TX 5.4% $140,000
Cleveland OH 5.4% $135,400
Atlanta GA 4.8% $159,500
Davenport/Moline/Rock Island IA/IL 4.8% $103,000
Grand Rapids MI 4.6% $136,400
Lincoln NE 4.5% $133,500
Des Moines IA 4.3% $139,000
Ft. Wayne IN 4.2% $93,400
Kansas City MO/KS 4.2% $148,300
Omaha NE/IA 3.0% $132,400
Indianapolis IN 3.0% $116,300
Lake County IL 2.9% $249,100
Saint Louis MO/IL 2.7% $112,800
Cincinnati OH/KY/IN 2.7% $139,600
Kalamazoo MI 2.7% $117,000
Dayton/Springfield OH 2.6% $110,000
Austin/San Marcos TX 2.5% $154,100
Louisville KY/IN 2.4% $130,100
Sioux Falls SD 2.0% $132,900
Denver CO 1.8% $236,000
Columbus OH 1.7% $140,100
Philadelphia PA/NJ 1.7% $164,800
Richland/Kennewick/Pasco WA 1.6% $144,800
Greensboro/Winston-Salem/High Point NC 1.5% $136,800
Memphis TN/AR/MS 1.5% $131,500
Youngstown/Warren OH 1.4% $82,400
Raleigh/Durham NC 0.6% $175,600
Detroit MI 0.5% $151,000
Greenville/Spartanburg SC -0.3% $121,300
Cedar Rapids IA -1.5% $118,700
Waterloo/Cedar Falls IA -2.6% $86,500
Syracuse NY -2.6% $92,600
Canton OH -4.5% $103,400
Beaumont/Port Arthur TX -6.5% $90,000
Boise City ID N/A N/A
Saginaw/Bay City/Midland MI N/A N/A
Reno NV N/A N/A
Metro Area State Percent
Change
Median Price
Source: National Association of Realtors ^top^



advertisement