BrokerageIndustry News

Top 10 markets for home-price growth in Q4 2011

NAR: Florida, Texas home to 9 of 29 markets with rising prices
Published on Feb 9, 2012

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by CareyBot

Median single-family existing-home prices rose in about 20 percent of the 149 markets tracked by the National Association of Realtors in fourth-quarter 2011 compared to the same quarter in the previous year, and Florida and Texas are home to nine of the 29 metros with positive growth.

Nationally, the U.S. median single-family existing-home price fell 4.2 percent year over year in fourth-quarter 2011, to $163,500. Real estate owned (REO) and short-sale properties accounted for 30 percent of home sales in fourth-quarter 2011, down from 34 percent in fourth-quarter 2010, the association also reported.

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