Note the price gap, top 20% to bottom 20%, grew to $364,800 from $258,250 - a 41% jump! Another viewĪll eight California markets in this list topped the 28% all-metro median gain. That 22% gain ranged from 5% (Shreveport, La.) to 36% (Cumberland, Md.) This group had only 11% of its metros beating the U.S. pace.Ĭheapest: The nation’s “bargains” had a $183,550 median, up from $150,300 two years earlier. That 25% gain ranged from 16% (Abilene, Texas) to 38% (Ocala, Fla.) This group had 36% of its metros beating the U.S. Next cheapest: This slice’s $232,400 median was up from $185,250 two years earlier. No slice had a bigger share of above-par increases. In this group, 92% of the price gains topped the 28% gain seen across all 182 metro areas. Price jumps ranged from 25% (Washington, DC) to 59% (Boise, Idaho). Upper Crust: The priciest fifth had a $548,350 median, up from $408,550 two years earlier - a gain of 34%, the largest increase of these five slices. You see another example of how the rich got richer in the pandemic era when the nation’s housing markets are sliced into five groups based on pricing - with a handful of exceptions … The Trendĭespite much chatter about a supposed exodus of residents from big, expensive housing markets in the pandemic era, metro areas ranked in the top 20% of all selling prices had a median two-year price gain of 34% - better than a 26% median gain for the rest of the nation. Source: My trusty spreadsheet’s analysis of data from the National Association of Realtors of third-quarter median selling prices for existing, single-family homes for 182 metropolitan areas - looking at the latest median prices and how they’ve changed from two years ago. “ Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.īuzz: The housing market’s buying binge has largely inflated prices in what were already some of the nation’s most-expensive metropolitan areas.
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