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%