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Phoenix real estate recorded a 55.2 percent increase in house prices over the past 12 months, according to the latest data from the National Association of Realtors.
NAR's third-quarter median existing single-family home price survey, covering changes in 147 metropolitan statistical areas, revealed that the average home nationwide appreciated by 14.7 percent since last year. Homes in only six metro areas lost value.
Trailing just behind Phoenix were two Florida cities: Orlando, where prices grew 44.8 percent, and the Cape Coral-Fort Myers area, where they rose 42.5 percent.
Only in six areas did homes lose value led by Elmira New York, where they fell 5.4 percent. Topeka was down 1.3 percent and Youngstown Ohio inched down 1.0 percent.
Some formerly white-hot markets slowed a bit. San Diego recorded a 6.3 percent gain after growing nearly 30 percent between 2003 and 2004. Las Vegas, which soared 48.7 percent during that same period, grew only 10.5 percent over the latest 12 months.
Regionally, the South recorded the slimmest gain, at 7.7 percent, while the West had the highest - 18.8 percent. The Midwest (13.1 percent) trailed the Northeast (13.2 percent) slightly for second place.
Results are ranked by growth. Click column headings to re-sort
| Metropolitan Area |
State |
Growth |
Median Price |
| Birmingham-Hoover |
AL |
4.4% |
$156,100 |
| Mobile |
AL |
10.5% |
$129,100 |
| Montgomery |
AL |
14.0% |
$133,300 |
| Little Rock-N. Little Rock |
AR |
7.7% |
$118,900 |
| Phoenix-Mesa-Scottsdale |
AZ |
47.0% |
$243,400 |
| Tucson |
AZ |
30.0% |
$228,500 |
| Anaheim-Santa Ana (Orange Co.) |
CA |
6.2% |
$696,100 |
| Los Angeles-Long Beach-Santa Ana |
CA |
8.3% |
$474,800 |
| Riverside-San Bernardino-Ontario |
CA |
24.8% |
$367,600 |
| Sacramento--Arden-Arcade--Roseville |
CA |
22.5% |
$377,400 |
| San Diego-Carlsbad-San Marcos |
CA |
8.2% |
$605,600 |
| San Francisco-Oakland-Fremont |
CA |
12.3% |
$726,900 |
| Boulder |
CO |
4.5% |
$346,200 |
| Colordo Springs |
CO |
13.0% |
$214,200 |
| Denver-Aurora |
CO |
2.7% |
$248,400 |
| Bridgeport-Stamford-Norwalk |
CT |
7.6% |
$487,300 |
| Hartford-West Hartford-East Hartford |
CT |
13.9% |
$257,700 |
| New Haven-Milford |
CT |
15.0% |
$283,800 |
| Norwich-New London |
CT |
4.3% |
$246,800 |
| Washington-Arlington-Alexandria |
DC/VA/MD/WV |
26.2% |
$429,200 |
| Dover |
DE |
19.4% |
$176,300 |
| Cape Coral-Fort Myers |
FL |
45.2% |
$266,800 |
| Deltona-Daytona Beach-Ormond Beach |
FL |
31.2% |
$194,000 |
| Gainesville |
FL |
7.0% |
$178,800 |
| Jacksonville |
FL |
7.8% |
$166,600 |
| Miami-Fort Lauderdale-Miami Beach |
FL |
31.7% |
$371,600 |
| Ocala |
FL |
20.5% |
$135,300 |
| Orlando |
FL |
36.5% |
$232,200 |
| Palm Bay-Melbourne-Titusville |
FL |
40.0% |
$204,000 |
| Pensacola-Ferry Pass-Brent |
FL |
23.3% |
$163,600 |
| Sarasota-Bradenton-Venice |
FL |
34.3% |
$367,800 |
| Tallahassee |
FL |
9.7% |
$163,300 |
| Tampa-St.Petersburg-Clearwater |
FL |
23.3% |
$195,000 |
| Atlanta-Sandy Springs-Marietta |
GA |
6.2% |
$166,500 |
| Honolulu |
HI |
28.1% |
$577,800 |
| Cedar Rapids |
IA |
-0.2% |
$131,600 |
| Des Moines |
IA |
2.3% |
$145,100 |
| Waterloo/Cedar Falls |
IA |
5.6% |
$100,700 |
| Davenport-Moline-Rock Island |
IA/IL |
24.0% |
$133,900 |
| Boise City-Nampa |
ID |
15.8% |
$161,800 |
| Bloomington-Normal |
IL |
4.4% |
$155,800 |
| Champaign-Urbana |
IL |
9.9% |
$137,600 |
| Chicago-Naperville-Joliet |
IL |
8.0% |
$263,600 |
| Danville |
IL |
16.9% |
$73,400 |
| Decatur |
IL |
12.3% |
$86,800 |
| Kankakee-Bradley |
IL |
14.6% |
$132,300 |
| Peoria |
IL |
12.3% |
$110,500 |
| Rockford |
IL |
18.6% |
$122,700 |
| Springfield |
IL |
4.3% |
$109,000 |
| Ft. Wayne |
IN |
4.3% |
$102,800 |
| Gary-Hammond |
IN |
4.0% |
$129,600 |
| Indianapolis |
IN |
-1.0% |
$124,600 |
| South Bend-Mishawaka |
IN |
8.8% |
$102,100 |
| Topeka |
KS |
-0.6% |
$103,100 |
| Wichita |
KS |
0.5% |
$106,300 |
| Lexington-Fayette |
KY |
3.9% |
$144,800 |
| Louisville |
KY/IN |
2.5% |
$136,800 |
| Baton Rouge |
LA |
5.6% |
$135,400 |
| New Orleans-Metairie-Kenner |
LA |
11.0% |
$152,600 |
| Shreveport-Bossier City |
LA |
12.3% |
$125,100 |
| Barnstable Town |
MA |
7.0% |
$398,600 |
| Pittsfield |
MA |
6.6% |
$211,800 |
| Springfield |
MA |
11.4% |
$197,900 |
| Worcester |
MA |
4.7% |
$292,300 |
| Boston-Cambridge-Quincy |
MA/NH |
6.6% |
$418,500 |
| Baltimore-Towson |
MD |
17.5% |
$264,700 |
| Cumberland |
MD/WV |
18.6% |
$88,600 |
| Hagerstown-Martinsburg |
MD/WV |
28.7% |
$206,000 |
| Portland-South Portland-Biddeford |
ME |
8.8% |
$247,200 |
| Detroit-Warren-Livonia |
MI |
0.4% |
$169,200 |
| Grand Rapids |
MI |
3.3% |
$139,000 |
| Kalamazoo-Portage |
MI |
-3.5% |
$122,600 |
| Lansing-E.Lansing |
MI |
2.3% |
$143,600 |
| Minneapolis-St. Paul-Bloomington |
MN/WI |
9.0% |
$237,700 |
| Saint Louis |
MO/IL |
7.9% |
$141,900 |
| Kansas City |
MO/KS |
3.3% |
$157,100 |
| Gulfport-Biloxi |
MS |
9.6% |
$124,000 |
| Jackson |
MS |
11.0% |
$131,700 |
| Greensboro-High Point |
NC |
5.5% |
$148,000 |
| Raleigh-Cary |
NC |
7.4% |
$185,200 |
| Durham |
NC |
30.9% |
$198,500 |
| Fargo |
ND/MN |
6.8% |
$132,600 |
| Lincoln |
NE |
2.2% |
$138,300 |
| Omaha |
NE/IA |
3.1% |
$137,300 |
| Atlantic City |
NJ |
25.7% |
$244,900 |
| Edison |
NJ |
22.8% |
$394,100 |
| Trenton-Ewing |
NJ |
13.5% |
$267,700 |
| Newark-Union |
NJ/PA |
9.9% |
$414,400 |
| Albuquerque |
NM |
18.1% |
$171,700 |
| Farmington |
NM |
12.6% |
$151,800 |
| Las Vegas-Paradise |
NV |
11.2% |
$300,100 |
| Reno-Sparks |
NV |
32.1% |
$357,400 |
| Albany-Schenectady-Troy |
NY |
11.6% |
$176,100 |
| Binghamton |
NY |
10.2% |
$93,300 |
| Buffalo-Niagara Falls |
NY |
1.6% |
$97,500 |
| Glens Falls |
NY |
7.0% |
$142,000 |
| Kingston |
NY |
13.8% |
$250,700 |
| Nassau-Suffolk |
NY |
12.8% |
$467,700 |
| Rochester |
NY |
5.3% |
$110,700 |
| Syracuse |
NY |
14.8% |
$108,700 |
| New York-Wayne-White Plains |
NY/NJ |
20.0% |
$506,800 |
| New York-Northern New Jersey-Long Island |
NY/NJ/PA |
18.3% |
$452,700 |
| Akron |
OH |
3.3% |
$119,800 |
| Cleveland-Elyria-Mentor |
OH |
3.9% |
$144,700 |
| Columbus |
OH |
3.7% |
$155,900 |
| Dayton |
OH |
-0.3% |
$119,400 |
| Toledo |
OH |
1.6% |
$118,600 |
| Cincinnati-Middletown |
OH/KY/IN |
0.7% |
$148,500 |
| Youngstown-Warren-Boardman |
OH/PA |
-2.7% |
$82,900 |
| Oklahoma City |
OK |
8.1% |
$115,700 |
| Tulsa |
OK |
3.6% |
$117,400 |
| Eugene-Springfield |
OR |
18.0% |
$192,400 |
| Salem |
OR |
13.7% |
$172,000 |
| Portland-Vancouver-Beaverton |
OR/WA |
16.6% |
$238,000 |
| Pittsburgh |
PA |
0.9% |
$118,500 |
| Reading |
PA |
16.5% |
$140,400 |
| Erie |
PA |
4.7% |
$98,500 |
| Allentown-Bethlehem-Easton |
PA/NJ |
23.9% |
$249,100 |
| Philadelphia-Camden-Wilmington |
PA/NJ/DE/MD |
12.2% |
$211,000 |
| Providence-New Bedford-Fall River |
RI/MA |
6.3% |
$291,600 |
| Charleston-North Charleston |
SC |
0.9% |
$193,600 |
| Columbia |
SC |
10.8% |
$133,700 |
| Greenville |
SC |
5.1% |
$143,200 |
| Spartanburg |
SC |
3.0% |
$118,700 |
| Sioux Falls |
SD |
6.2% |
$137,700 |
| Nashville-Davidson--Murfreesboro |
TN |
8.3% |
$159,700 |
| Knoxville |
TN |
9.1% |
$143,400 |
| Chattanooga |
TN/GA |
-1.0% |
$130,500 |
| Memphis |
TN/MS/AR |
8.5% |
$150,100 |
| Amarillo |
TX |
11.4% |
$107,400 |
| Austin-Round Rock |
TX |
5.0% |
$166,800 |
| Beaumont-Port Arthur |
TX |
0.6% |
$96,500 |
| Corpus Christi |
TX |
10.3% |
$123,000 |
| Dallas-Fort Worth-Arlington |
TX |
5.7% |
$149,100 |
| El Paso |
TX |
13.4% |
$108,900 |
| Houston-Baytown-Sugar Land |
TX |
2.4% |
$142,500 |
| San Antonio |
TX |
7.5% |
$134,000 |
| Salt Lake City |
UT |
5.2% |
$169,900 |
| Richmond |
VA |
14.7% |
$198,400 |
| Virginia Beach-Norfolk-Newport News |
VA/NC |
23.8% |
$192,000 |
| Kennewick-Richland-Pasco |
WA |
3.7% |
$152,700 |
| Seattle-Tacoma-Bellevue |
WA |
19.9% |
$310,300 |
| Spokane |
WA |
24.6% |
$158,600 |
| Yakima |
WA |
1.4% |
$134,800 |
| Appleton |
WI |
3.2% |
$129,600 |
| Green Bay |
WI |
12.4% |
$159,200 |
| Madison |
WI |
13.0% |
$220,100 |
| Milwaukee-Waukesha-West Allis |
WI |
9.9% |
$216,800 |
| Charleston |
WV |
5.7% |
$121,700 |
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