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Local Market Reports: Price Growth

December 19, 2012 By admin

  • Nationally, home prices have shown steady year-over-year gains since spring. However, this pattern started even earlier in the Midwest and parts of Florida as evidenced by the top five markets in terms of median home price growth between the 3rd quarter of 2010 and 3rd quarter of 2011.
  • Homes sales across the Midwest rose in the 2nd half of 2011 driving steady price growth. Over the subsequent 12-month period, price growth has eased, but remains steady.
  • The five markets with the stronger home price growth over the 12-month period ending in the 3rd quarter of 2012 displayed a different pattern with strong swings between 2011 and 2012 following declines in prior 12-month period.
  • The sharpest gains were in cities that were hit hard by the subprime meltdown including Phoenix and Fort Myers, but Akron and Lansing in the Midwest also experienced sharp gains as did Boise.
  • For the latest Local Market Reports, click here.

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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


1880 West City Dr., Suite B,
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) 252-6401
(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

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