As Alex reported 2/4/2012 on Property Source Radio.
Realtor.org – Daily Real Estate News | Tuesday, Jan 31, 2012
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Inman News released a report highlighting metro areas that are expected to “outshine many other markets in real estate performance this year.”
In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.
Here are the metro areas topping the list, including the third quarter 2011 median sales price and the percentage change in sales price year-over-year.
1. Raleigh-Cary, N.C.
Median sales price: $224,300
Median sales price change year-over-year: 7.3 percent
2. Wichita, Kan.
Median sales price: $120,900
Median sales price change year-over-year: 5.5 percent
3. Rochester, N.Y.
Median sales price: $123,400
Median sales price change year-over-year: 1.4 percent
4. Des Moines-West Des Moines, Iowa
Median sales price: $157,900
Median sales price change year-over-year: 0.8 percent
5. Chattanooga, Tenn.-Ga.
Median sales price: $128,700
Median sales price change year-over-year: 7.3 percent
Find out the other cities that made the top 10 list as well as more about each metro area’s real estate market and why it’s one to watch in the new year.
Source: “10 Real Estate Markets to Watch in 2012,” Inman News (January 2012)