A county-by-county analysis of home prices over the last decade by RealtyTrac shows that most haven’t fully recovered from the housing bust, with prices still down 30 percent or more from peaks in nearly half of all counties analyzed.

RealtyTrac’s analysis showed that picture is rapidly changing, with median prices reaching new peaks this year and last in 315 counties, or 20 percent of the 1,567 counties analyzed. New highs were seen in 43 counties in March alone.

Major population centers hitting new 10-year peaks this year and last included Kings County (Brooklyn), New York; New York County (Manhattan); Travis County, Texas (Austin); Honolulu County, Hawaii; Marion County, Indiana (Indianapolis); San Francisco County, California; Jefferson County, Kentucky (Louisville); Oklahoma County, Oklahoma (Oklahoma City); Davidson County, Tennessee. (Nashville); Kent County, Michigan (Grand Rapids); and Denver County, Colorado.

RealtyTrac Vice President Daren Blomquist explains the company’s county-by-county analysis of home prices from January 2004 through March 2014.

But median prices are still at or below peaks in eight out 10 counties — in many places, drastically below. Median prices were down 30 percent or more from peak in 724 counties, or 46 percent of those analyzed.

Major population centers in that category included Cook County, Illinois (Chicago), 37 percent below peak; Maricopa County, Arizona (Phoenix), 33 percent below peak; Miami-Dade County, Florida (Miami), 42 percent below peak; Riverside County, California, 38 percent below peak; San Bernardino County, California, 43 percent below peak; Clark County, Nevada (Las Vegas), 47 percent below peak; Wayne County, Michigan (Detroit), 58 percent below peak; Philadelphia County, Pennsylvania, 31 percent below peak; and Cuyahoga County, Ohio (Cleveland), 45 percent below peak.

Median prices were down 15 to 30 percent from peak in 31 counties (34 percent of counties analyzed); 5 to 15 percent in 213 counties (14 percent); and within 5 percent of peak in 99 counties (6 percent).

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription