A look at median home prices in US cities in second quarter of 2010
By APWednesday, August 11, 2010
A look at home prices in US cities
Home prices rose in nearly two-thirds of U.S. cities this spring. The median sales price for previously occupied homes rose from year-ago levels in 100 out of 155 metropolitan areas.
The national median price in the second quarter was $176,900, up from $174,200 in the same quarter last year. The median price is the midpoint, which means half of the homes sold for more and half for less
Here’s a look which cities had the biggest yearly home price gains, and which ones had the largest declines:
BIGGEST INCREASES
1) Akron, Ohio, $119,700, up 36 percent
2) San Jose, Calif. $630,000, up 26 percent
3) San Francisco, Calif. $591,000, up 25 percent
4) Riverside, Calif. $190,200, up 18 percent
5) Elmira, N.Y., $99,200, up 17 percent
6) Lansing, Mich., $92,100, up 13 percent
7) San Diego, Calif., $392,600, up 13 percent
Palm Bay, Fla., $117,300, up 13 percent
9) Erie, Pa., $110,200, up 13 percent
10 Cape Coral-Fort Myers, Fla., $94,1000, up 12 percent
BIGGEST DROPS
1) Cumberland, Md., $104,500, down 15 percent.
2) Tucson, Ariz., $150,200, down 14 percent
3) Ocala, Fla., $95,900, down 13 percent
4) Beaumont, Texas., $120,700, down 13 percent
5) Boise City, Idaho., $140,100, down 13 percent
6) Hagerstown, Md., $149,800, down 9.2 percent
7) Jacksonville, Fla., $139,000, down 9 percent
Daytona Beach, Fla., $117,000, down 8 percent
9) Salem, Ore., $176,800, down 7.5 percent
10) Biloxi, Miss., $128,500, down 7.4 percent
(This version CORRECTS Corrects price in Lansing, Mich. This story is part of AP’s general news and financial services.)