National Association of Realtors has released first quarter sales data. For single family homes (and, condos, too, I believe), prices rose 9.7% for the nation, as a whole. In fact, of 136 metro areas, 130 had rising prices; 66 had double-digit price increases. Only six metro areas had decreasing median prices.
Number of sales increased, as well.
Top ten markets (by median price) and 1-year percent change in median price
Metro Area State Percent Change Median Price
San Francisco Bay Area CA 14.8% $689,200
Orange County (Anaheim/Santa Ana) CA 14.7% $656,900
San Diego CA 20.9% $584,100
Honolulu HI 26.0% $529,100
Los Angeles Area CA 21.1% $474,700
New York: Bergen/Passaic NJ 18.1% $448,100
New York: Nassau/Suffolk NY 16.3% $446,700
New York/N. New Jersey/Long Island NY/NJ/CT 18.0% $435,200
Boston MA 14.8% $398,300
New York: Middlesex/Somerset/Hunterdon NJ 18.2% $381,400
Originally posted 2005-05-12 16:35:00.