Forbes: Top-10 Best Performing Housing Markets includes Austin
Looks like Austin is still comparatively right up there in the top 10 cities. The following is from Forbes Magazine.
Top-10 Best Performing Housing Markets
As anybody who has ever sold real estate knows, there are no national markets, only local markets. The adage holds true when you look at the condition of the real estate business nationwide. Business may be tough in many places, but it’s not tough all over.
In Salt Lake City, Charlotte, N.C., and San Jose, Calif., prices have climbed relentlessly.
In the Northeast, the biggest gainers are the gritty cities of Buffalo, N.Y., Pittsburgh, Pa., and Philadelphia.
In the West, business is brisk in Northern California and the Pacific Northwest.
Here are the top 10 best performing housing markets, according to Forbes magazine, their third quarter median home sale prices and the percentage that prices have risen compared to third quarter 2006.
Salt Lake City; Median Home Sale Price: $246,700; Percent Change: 14.1 percent
Charlotte, N.C., $220,000, 11 percent
San Jose, Calif., $852,500, 9.4 percent
San Francisco, $825,400, 8.6 percent
Raleigh, N.C., $229,500, 7.5 percent
Austin, $188,200, 7.2 percent
Pittsburgh, $127,700, 6.1 percent
Seattle, $394,700, 6 percent
San Antonio, $154,700, 5.7 percent
Portland, Ore., $299,700, 5.2 percent