Home Values for the Top 20 Markets

by Steve Crossland, REALTOR in Austin TX on August 2, 2007 · 8 comments

REALTOR® Magazine Online reports the following stats for real estate values in their “top 20″ cities.

The annual growth rate in prices of existing single family homes across the United States continued to decline for the 18th consecutive month in May, according to the Standard & Poor’s/Case-Shiller Home Price Index. Overall, the top 20 cities in the index declined 2.8 percent year-over-year, although five of the cities showed increases. Austin is one of the exception to that trend.

Here are the top 20 metropolitan areas and the percent of change in their real estate values over the last year. I’ve added Austin to the bottom:

Atlanta: 1.7 percent
Boston: -4.3 percent
Charlotte: 7 percent
Chicago: -0.6 percent
Cleveland: -2.8 percent
Dallas: 1.8 percent
Denver: -1.4 percent
Detroit: -11.1 percent
Las Vegas: -4.1 percent
Los Angeles: -3.3 percent
Miami: -3.3 percent
Minneapolis: -3.5 percent
New York: -2.3 percent
Phoenix: -5.5 percent
Portland: 5.7 percent
San Diego: -7 percent
San Francisco: -3.4 percent
Seattle: 9.1 percent
Tampa: -6.7 percent
Washington, D.C.: -6.3 percent
Austin, TX: 6.1%

We are starting to see increases in inventory again, but prices remain strong in Austin. See this blog article for more Austin sales stats.

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The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Crossland Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.