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Home Price Changes for Fourth Quarter 2012

March 7, 2013 By admin

  • 2012 began with atypically strong home sales, which carried through the entire year.  As a result, inventories declined and price appreciation took off.
  • Over the 4-quarter period ending in December, 131 markets or 88% of those monitored by NAR Research experienced rising median home prices.
  • Of the top ten, the majority were in states experiencing a price rebound after a sharp downturn in the wake of the subprime crisis.
  • While Nevada, California, Arizona and Florida all experienced sharp prices gains, several markets in the middle of the country, including Akron and Detroit, have also benefited from stable employment, record low mortgage rates and resurgent consumer confidence.
  • Searching for information on your market? Price trends for additional markets are available in the 4th quarter Local Market Reports (member log in required)

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Office Locations

Chesapeake/Suffolk


3325 Taylor Rd., Suite 107
Chesapeake, VA 23321
(757) 638-5700
(800) 556-1611
(757) 638-5800

Norfolk


1512 East Little Creek Rd.
Norfolk, VA 23518
(757) 480-2121
(800) 441-2112
(757) 480-0324

Elizabeth City


1825 W City Drive, Suite G
Elizabeth City, NC 27909
(252) 331-1300
(866) 288-7413
(252) 331-1325

Virginia Beach/Chesapeake


1201 Lake James Dr., Suite 201
Virginia Beach, VA 23464
(757) 424-0202
(800) 539-0238
(757) 424-9531

Newport News


720 Thimble Shoals Blvd.,
Suite 116
Newport News, VA 23606
(757) 833-8400
(800) 539-8014
(757) 833-0545

Williamsburg


1031 Richmond Rd.
Williamsburg, VA 23185
(757) 220-8205
(800) 369-8206
(757) 229-3196

Kitty Hawk


4628 North Croatan Hwy.
Kitty Hawk, NC 27949
(252) 261-6400
(800) 282-6401
(252) 261-1400

At the Beach


1092 Laskin Road, Suite #204
Virginia Beach, VA 23451
(757) 264-6530
(757) 233-7921

Gloucester County Office


5103 George Washington Memorial Highway
Hayes, VA 23072
(804) 331-0422
(800) 539-8014
(757) 833-0545

Norfolk Property Management


1547-A E. Little Creek Road, Suite #100
Norfolk, VA 23518
757-583-1801
757-583-2343

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