Here is a list of those metropolitan areas where the price median sales price fell in the 3rd quarter 2005 compared to the 2Q 2005:
- Albuquerque, NM
- Charleston, WV
- Colorado Springs, CO
- Decatuar, IL
- Dallas-FtWorth, TX
- Edison, NJ
- Green Bay, WI
- Kankakee, IL
- Memphis, TN
- Minneapolis-Saint Paul, MN
- Rockford, IL
- Sarasota-Bradenton-Venice, FL
- Southbend, IN
- Souix Falls, SD
- San Francisco-Oakland-Fremont, CA
- Pittsfield, MA
The 4th Quarter, NAR reports will show many more housing markets experiencing price declines. Despite NAR's anti housing bubble propaganda the bubble will pop.
Posts
Amazing that Dallas fell. Prices there were already very low, and then you had all those people moving in because of Katrina.
ReplyDeleteBack in 2001 or 2002, when telecom was still sort of alive, a very nice, relatively new house in the DFW area would run just under 250K, while a nice, not-quite-as-new house in Manassas, Virginia was just under 300K.
Now, you can get a beautiful, all brick, recent construction, 4 bedroom house in DFW for under $200K, and those somewhat older houses in Manassas will run you over 400K. But I guess the DFW houses are still on the way down.
Just goes to show, once it starts to go down, it can keep going down a long way.
Does anyone happen to have the Q2 reports saved? I was meaning to grab a copy this morning prior to release but forgot about it. I want to check whether the Q2 preliminary numbers were revised upwards or downwards.
ReplyDeleteThanks,
grim
http://www.realtor.org/Research.nsf/files/REL05Q2T.pdf/$FILE/REL05Q2T.pdf
ReplyDeleteOctober statistics are out from mdrealtor.org.
ReplyDeleteI've updated my graph.
thanks brad. Nice graph.
ReplyDelete