Home values rise in 30 cities: Is your city one of them?
Finally! Some real glimmers of hope on the home-price front.
Thirty聽cities in the third quarter saw median home prices rise from the same period a year ago, according to a National Association of Realtors report released Tuesday.聽That聽still leaves聽123 metro areas where home聽values are falling. Nationally, the median home price fell 11 percent to $177,900 from a year ago.
Nevertheless, the fact that 30 metro areas now have seen a rebound suggests that some regions of the United States are emerging from the real-estate bust.聽They are by and large聽smaller metro areas, mostly located in the nation's midsection and far from the聽big bubble states of real estate: Arizona, California, Florida, and Nevada. They're usually comfortable places with real estate prices below the national average, like Cumberland, Md., and Davenport, Iowa.
Here's the with the local median price of a home and its聽percentage rise in value from a year ago:
1. Cumberland, MD-WV 聽($122,100)聽19.2%
2. Davenport-Moline-Rock Island, IA-IL 聽($115,600)聽14.3%
3. Oklahoma City, OK聽($144,100)聽9.1%
4. Shreveport-Bossier City, LA 聽($152,300)聽8.6%
5. Cedar Rapids, IA聽($145,700)聽7.6%
6. Bismarck, ND听($157,200)听7.5%
7. Ft. Wayne, IN聽($102,500)聽6.9%
8. Buffalo-Niagara Falls, NY ($119,700)聽4.8%
9. Jackson, MS 听($141,200)听4.6%
10. Durham, NC 听($184,300)听3.6%
11. Charleston, WV听($132,000)听3.4%
12. Springfield, IL听($114,400)听3.2%
13. Beaumont-Port Arthur, TX 聽($133,600)聽3.1%
14. Yakima, WA聽($158,400)聽2.7%
15. Manchester-Nashua, NH 听($237,600)听2.6%
16. Fargo, ND-MN 聽($142,100)聽2.4%
17. Florence, SC 听($121,300)听2.4%
18. Waterloo/Cedar Falls, IA聽($118,200)聽2.4%
19. Memphis, TN-MS-AR ($129,300)聽2.2%
20. Indianapolis, IN聽($120,200)聽2.0%
21. Little Rock-N. Little Rock, AR聽($132,500)聽2.0%
22. Denver-Aurora, CO听($229,100)听1.8%
23. Pittsburgh, PA聽($124,600)聽1.5%
24. Des Moines, IA聽($156,600)聽0.8%
25. Kennewick-Richland-Pasco, WA 聽($172,200)聽0.7%
26. South Bend-Mishawaka, IN聽($88,500)聽0.6%
27. Dallas-Fort Worth-Arlington, TX 听($150,500)听0.2%
28. Houston-Baytown-Sugar Land, TX 聽($160,600)聽0.2%
29. Louisville, KY-滨狈听($135,600)听0.1%
30. Omaha, NE-IA聽($137,600)聽0.1%
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