It appears that median prices targeted at $400,000 and under are hitting the sweet spot in terms of price appreciation. Anything at or under $400,000 is showing stronger price appreciation and anything priced at or above $700,000 is showing slower price appreciation, according to the National Association of REALTORS ® (NAR).
In fact, Seattle-Tacoma-Bellevue is the only metro with a median home price of $625,025 that is showing a price appreciation of +9.8% y/y.
Take a look at median prices in metros that are showing slower price appreciation percentages:
- San Jose-Sunnyvale-Santa Clara – $1.1M is showing a price appreciation decline of -8.4% y/y.
- San Jose-San Francisco-Oakland – $848,295 is showing a price appreciation decline of -4.1% y/y.
- Los Angeles-Long Beach-Anaheim – $750,050 is showing a price appreciation decline of -1.2% y/y.
- Bridgeport-Stamford-Norwalk – $750,050 is showing a price appreciation decline of -4.9% y/y.
- Austin – $369,998 is showing a price appreciation decline of -1.4%
- Dallas-Fort Worth – $349,950 is showing a price appreciation decline of -2.8% y/y.
- Houston-The Woodlands-Sugar Land – $322,974 is showing a decline of 1.0 y/y.
Check out the metros with price appreciation increases:
– Winston-Salem NC +15.8%
– Columbia SC +13.8%
– Milwaukee +12.8%
– Chattanooga GA +12.7%
– Kansas City MO +12.3%
– Spokane +12.1%
– Rochester NY +11.9%
– El Paso +11.4%
– Toledo +10.8%
– Boise ID +10.7%
– Worchester MA +10.0%
