A look at median home prices in US cities in second quarter of 2010

By AP
Wednesday, 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

8) 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

8) 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.)

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