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



advertisement