Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Metro U.S. Home Prices Show Stronger Increases
Nov 8, 2012
 Printable format
 Email this Article
 Search

Growth in metropolitan area median home prices increased in the third quarter of 2012, and more areas are showing gains, according to the National Association of Realtors.

The median existing single-family home price rose in 120 out of 149 metropolitan statistical areas, based on closings in 3Q 2012 compared to 3Q 2011.

"Housing inventories have been gradually trending down from a record set in the summer of 2007," said Lawrence Yun, NAR chief economist. "Earlier this year, a broad equilibrium began to develop in most areas between home buyers and sellers, which led to a sustained upturn in home prices. We expect fairly normal appreciation patterns in 2013, but there is a risk of price acceleration if builders are unable to increase supply to meet the needs of our growing population and household formation."

The national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, making it the strongest year-over-year price increase since the first quarter of 2006 when the median price rose 9.4%.

Total existing-home sales, including single-family and condos, was up 3.2% to a seasonally adjusted annual rate of 4.68 million in 3Q 2012, from 4.54 million in the second quarter, and were up 10.3% from the 4.25 million pace in 3Q 2011.

At the end of 3Q 2012, 2.32 million existing homes were available for sale, down 20.0% from 3Q 2011 when 2.90 million homes were on the market.

Back to Daily News

 

Daily News

...........................................................

May 22, 2014: Affluent Consumers' Confidence Drops

May 21, 2014: Companies Must Apply for European HFC Quotas by July 1

May 21, 2014: New Game Consoles Energy Use Costs $400 Million/Year in Standby Mode

May 21, 2014: Whirlpool Tops Customer Experience Rating Survey

May 16, 2014: Fagor-Equipped Restaurants Among World's Best

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows