USA Today
WASHINGTON (AP) — The slump in housing deepened in the final three months of last year with sales falling in 40 states and median home prices declining in nearly half of the metropolitan areas surveyed, a real estate trade group reported Thursday.
The National Association of Realtors report showed that the biggest declines were in former boom areas.
The biggest percentage decline occurred in Nevada, a drop of 36.1% in the sales pace in the final three months of 2006 compared with the same period in 2005.
In other former boom areas, Florida saw sales drop 30.8%, in Arizona sales were down 26.9% and they fell 21.3% in California.
The Realtors said that while sales declined in the fourth quarter in 40 states, six states showed increases and one state, Utah, had an unchanged sales pace. Three states did not report enough data to make comparisons.
Nationally, sales declined 10.1% in the fourth quarter of 2006 compared with the same period a year ago.
The median price of a new home, the midpoint where half the homes sold for more and half for less, was $219,300 in the fourth quarter of last year, a drop of 2.7% from the same period a year ago.
Median home prices fell in 49% of the 149 metropolitan areas surveyed in the fourth quarter, compared with the same period a year ago. That was the largest percentage of metro areas reporting price declines since the Realtors began tracking price data in 1979.
David Lereah, chief economist for the Realtors, said he believed the data shows that housing, which had enjoyed a five-year boom, was bottoming out in the final three months of last year.
“This information confirms 2006 was the year of contraction and hopefully the fourth quarter was the bottom,” Lereah said. “When we get the figures for this spring, I expect to see a discernible improvement in both sales and prices.”
Median home prices in 149 metro areas
|
Metropolitan Area |
Price in thousands |
|
|
|
|
2005 Q4 |
2006 Q4 |
Change |
|
Akron, OH |
117.8 |
110.2 |
-6.5% |
|
|
|||
|
Albany-Schenectady-Troy, NY |
190.8 |
198.7 |
4.1% |
|
|
|||
|
Albuquerque, NM |
174.1 |
187.5 |
7.7% |
|
|
|||
|
Allentown-Bethlehem-Easton, PA-NJ |
245.7 |
249.7 |
1.6% |
|
|
|||
|
Amarillo, TX |
105.4 |
108.3 |
2.8% |
|
|
|||
|
Anaheim-Santa Ana, CA (Orange Co.) |
699.8 |
690.7 |
-1.3% |
|
|
|||
|
Appleton, WI |
129.3 |
128.4 |
-0.7% |
|
|
|||
|
Atlanta-Sandy Springs-Marietta, GA |
170.2 |
166.8 |
-2.0% |
|
|
|||
|
Atlantic City, NJ |
269.9 |
339.8 |
25.9% |
|
|
|||
|
Austin-Round Rock, TX |
167.0 |
175.2 |
4.9% |
|
|
|||
|
Baltimore-Towson, MD |
265.1 |
277.9 |
4.8% |
|
|
|||
|
Barnstable Town, MA |
405.2 |
373.5 |
-7.8% |
|
|
|||
|
Baton Rouge, LA |
153.8 |
173.4 |
12.7% |
|
|
|||
|
Beaumont-Port Arthur, TX |
104.3 |
120.0 |
15.1% |
|
|
|||
|
Binghamton, NY |
95.8 |
95.8 |
Unch |
|
|
|||
|
Birmingham-Hoover, AL |
160.8 |
161.7 |
0.6% |
|
|
|||
|
Bismark, ND |
129.1 |
127.4 |
-1.3% |
|
|
|||
|
Bloomington-Normal, IL |
161.5 |
151.3 |
-6.3% |
|
|
|||
|
Boise City-Nampa, ID |
N/A |
209.5 |
N/A |
|
|
|||
|
Boston-Cambridge-Quincy, MA-NH |
397.5 |
388.0 |
-2.4% |
|
|
|||
|
Boulder, CO |
349.5 |
363.1 |
3.9% |
|
|
|||
|
Bridgeport-Stamford-Norwalk, CT |
468.5 |
445.7 |
-4.9% |
|
|
|||
|
Buffalo-Niagara Falls, NY |
99.8 |
96.6 |
-3.2% |
|
|
|||
|
Canton-Massillon, OH |
106.1 |
106.2 |
0.1% |
|
|
|||
|
Cape Coral-Fort Myers, FL |
293.1 |
258.9 |
-11.7% |
|
|
|||
|
Cedar Rapids, IA |
133.8 |
129.2 |
-3.4% |
|
|
|||
|
Champaign-Urbana, IL |
142.6 |
141.6 |
-0.7% |
|
|
|||
|
Charleston-North Charleston, SC |
198.4 |
210.9 |
6.3% |
|
|
|||
|
Charleston, WV |
117.3 |
114.3 |
-2.6% |
|
|
|||
|
Charlotte-Gastonia-Concord, NC-SC |
183.5 |
198.2 |
8.0% |
|
|
|||
|
Chattanooga, TN-GA |
132.6 |
134.6 |
1.5% |
|
|
|||
|
Chicago-Naperville-Joliet, IL |
265.6 |
268.1 |
0.9% |
|
|
|||
|
Cincinnati-Middletown, OH-KY-IN |
143.7 |
138.7 |
-3.5% |
|
|
|||
|
Cleveland-Elyria-Mentor, OH |
135.7 |
130.9 |
-3.5% |
|
|
|||
|
Colordo Springs, CO |
209.2 |
219.4 |
4.9% |
|
|
|||
|
Columbia, SC |
136.5 |
N/A |
N/A |
|
|
|||
|
Columbus, OH |
147.9 |
138.7 |
-6.2% |
|
|
|||
|
Corpus Christi, TX |
131.2 |
129.7 |
-1.1% |
|
|
|||
|
Cumberland, MD-WV |
85.7 |
98.0 |
14.4% |
|
|
|||
|
Dallas-Fort Worth-Arlington, TX |
150.2 |
144.3 |
-3.9% |
|
|
|||
|
Danville, IL |
63.8 |
N/A |
N/A |
|
|
|||
|
Davenport-Moline-Rock Island, IA-IL |
109.2 |
116.4 |
6.6% |
|
|
|||
|
Dayton, OH |
112.8 |
119.5 |
5.9% |
|
|
|||
|
Decatur, IL |
84.5 |
89.2 |
5.6% |
|
|
|||
|
Deltona-Daytona Beach-Ormond Beach, FL |
208.9 |
198.6 |
-4.9% |
|
|
|||
|
Denver-Aurora, CO |
247.5 |
245.6 |
-0.8% |
|
|
|||
|
Des Moines, IA |
147.2 |
144.5 |
-1.8% |
|
|
|||
|
Detroit-Warren-Livonia, MI |
156.2 |
154.6 |
-1.0% |
|
|
|||
|
Dover, DE |
185.7 |
200.5 |
8.0% |
|
|
|||
|
Durham, NC |
168.7 |
168.6 |
-0.1% |
|
|
|||
|
Elmira, NY |
78.8 |
78.4 |
-0.5% |
|
|
|||
|
El Paso, TX |
118.4 |
131.8 |
11.3% |
|
|
|||
|
Erie, PA |
99.7 |
102.6 |
2.9% |
|
|
|||
|
Eugene-Springfield, OR |
209.0 |
230.9 |
10.5% |
|
|
|||
|
Fargo, ND-MN |
134.6 |
136.6 |
1.5% |
|
|
|||
|
Farmington, NM |
160.5 |
183.0 |
14.0% |
|
|
|||
|
|
|||
|
Ft. Wayne, IN |
104.1 |
101.6 |
-2.4% |
|
|
|||
|
Gainesville, FL |
197.7 |
211.5 |
7.0% |
|
|
|||
|
Gary-Hammond, IN |
128.4 |
123.2 |
-4.0% |
|
|
|||
|
Glens Falls, NY |
170.5 |
174.4 |
2.3% |
|
|
|||
|
Grand Rapids, MI |
135.1 |
129.5 |
-4.1% |
|
|
|||
|
Green Bay, WI |
150.1 |
145.6 |
-3.0% |
|
|
|||
|
Greensboro-High Point, NC |
150.0 |
150.2 |
0.1% |
|
|
|||
|
Greenville, SC |
152.2 |
150.0 |
-1.4% |
|
|
|||
|
Gulfport-Biloxi, MS |
147.0 |
152.0 |
3.4% |
|
|
|||
|
Hagerstown-Martinsburg, MD-WV |
222.1 |
213.9 |
-3.7% |
|
|
|||
|
Hartford-West Hartford-East Hartford, CT |
253.8 |
253.9 |
0.0% |
|
|
|||
|
Honolulu, HI |
620.0 |
620.0 |
Unch |
|
|
|||
|
Houston-Baytown-Sugar Land, TX |
146.3 |
148.6 |
1.6% |
|
|
|||
|
Indianapolis, IN |
122.0 |
117.1 |
-4.0% |
|
|
|||
|
Jackson, MS |
142.5 |
145.3 |
2.0% |
|
|
|||
|
Jacksonville, FL |
182.2 |
180.4 |
-1.0% |
|
|
|||
|
Kalamazoo-Portage, MI |
N/A |
N/A |
N/A |
|
|
|||
|
Kankakee-Bradley, IL |
123.6 |
125.7 |
1.7% |
|
|
|||
|
Kansas City, MO-KS |
156.5 |
153.1 |
-2.2% |
|
|
|||
|
Kennewick-Richland-Pasco, WA |
157.7 |
151.2 |
-4.1% |
|
|
|||
|
Kingston, NY |
260.0 |
243.2 |
-6.5% |
|
|
|||
|
Knoxville, TN |
148.8 |
153.6 |
3.2% |
|
|
|||
|
Lansing-E.Lansing, MI |
139.1 |
135.0 |
-2.9% |
|
|
|||
|
Las Vegas-Paradise, NV |
315.9 |
313.5 |
-0.8% |
|
|
|||
|
Lexington-Fayette,KY |
150.7 |
146.3 |
-2.9% |
|
|
|||
|
Lincoln, NE |
N/A |
137.7 |
N/A |
|
|
|||
|
Little Rock-N. Little Rock, AR |
125.9 |
125.9 |
Unch |
|
|
|||
|
Los Angeles-Long Beach-Santa Ana, CA |
568.4 |
586.5 |
3.2% |
|
|
|||
|
Louisville, KY-IN |
134.6 |
137.6 |
2.2% |
|
|
|||
|
Madison, WI |
224.6 |
225.4 |
0.4% |
|
|
|||
|
Memphis, TN-MS-AR |
144.2 |
141.9 |
-1.6% |
|
|
|||
|
Miami-Fort Lauderdale-Miami Beach, FL |
391.2 |
366.8 |
-6.2% |
|
|
|||
|
Milwaukee-Waukesha-West Allis, WI |
214.9 |
210.9 |
-1.9% |
|
|
|||
|
Minneapolis-St. Paul-Bloomington, MN-WI |
230.5 |
228.3 |
-1.0% |
|
|
|||
|
Mobile, AL |
133.7 |
137.2 |
2.6% |
|
|
|||
|
Montgomery, AL |
136.3 |
139.6 |
2.4% |
|
|
|||
|
Nashville-Davidson–Murfreesboro, TN |
170.9 |
N/A |
N/A |
|
|
|||
|
New Haven-Milford, CT |
279.7 |
278.8 |
-0.3% |
|
|
|||
|
New Orleans-Metairie-Kenner, LA |
178.7 |
162.1 |
-9.3% |
|
|
|||
|
New York-Northern New Jersey-Long Island, NY-NJ-PA |
454.1 |
464.4 |
2.3% |
|
|
|||
|
New York-Wayne-White Plains, NY-NJ |
518.1 |
498.4 |
-3.8% |
|
|
|||
|
NY: Edison, NJ |
383.0 |
366.9 |
-4.2% |
|
|
|||
|
NY: Nassau-Suffolk, NY |
472.4 |
473.7 |
0.3% |
|
|
|||
|
NY: Newark-Union, NJ-PA |
413.9 |
426.6 |
3.1% |
|
|
|||
|
Norwich-New London, CT |
262.1 |
257.9 |
-1.6% |
|
|
|||
|
Ocala, FL |
161.1 |
170.7 |
6.0% |
|
|
|||
|
Oklahoma City, OK |
115.5 |
123.7 |
7.1% |
|
|
|||
|
Omaha, NE-IA |
137.7 |
136.2 |
-1.1% |
|
|
|||
|
Orlando, FL |
261.8 |
272.1 |
3.9% |
|
|
|||
|
Palm Bay-Melbourne-Titusville, FL |
209.5 |
173.9 |
-17.0% |
|
|
|||
|
Pensacola-Ferry Pass-Brent, FL |
168.2 |
161.4 |
-4.0% |
|
|
|||
|
Peoria, IL |
112.7 |
108.9 |
-3.4% |
|
|
|||
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
215.1 |
222.3 |
3.3% |
|
|
|||
|
Phoenix-Mesa-Scottsdale, AZ |
268.4 |
262.2 |
-2.3% |
|
|
|||
|
Pittsburgh, PA |
114.3 |
112.2 |
-1.8% |
|
|
|||
|
Pittsfield, MA |
210.7 |
220.6 |
4.7% |
|
|
|||
|
Portland-South Portland-Biddeford, ME |
245.7 |
245.2 |
-0.2% |
|
|
|||
|
Portland-Vancouver-Beaverton, OR-WA |
256.6 |
285.4 |
11.2% |
|
|
|||
|
Providence-New Bedford-Fall River, RI-MA |
294.4 |
291.3 |
-1.1% |
|
|
|||
|
Raleigh-Cary, NC |
197.7 |
226.3 |
14.5% |
|
|
|||
|
Reading, PA |
143.2 |
143.2 |
Unch |
|
|
|||
|
Reno-Sparks, NV |
365.5 |
332.9 |
-8.9% |
|
|
|||
|
Richmond, VA |
210.3 |
229.4 |
9.1% |
|
|
|||
|
Riverside-San Bernardino-Ontario, CA |
389.9 |
406.4 |
4.2% |
|
|
|||
|
Rochester, NY |
112.8 |
111.4 |
-1.2% |
|
|
|||
|
Rockford, IL |
114.9 |
121.5 |
5.7% |
|
|
|||
|
Sacramento–Arden-Arcade–Roseville, CA |
380.9 |
365.1 |
-4.1% |
|
|
|||
|
Saginaw-Saginaw Township North, MI |
N/A |
N/A |
N/A |
|
|
|||
|
Saint Louis, MO-IL |
138.8 |
139.5 |
0.5% |
|
|
|||
|
Salem, OR |
194.1 |
223.1 |
14.9% |
|
|
|||
|
Salt Lake City, UT |
182.3 |
223.6 |
22.7% |
|
|
|||
|
San Antonio, TX |
137.8 |
140.6 |
2.0% |
|
|
|||
|
San Diego-Carlsbad-San Marcos, CA |
607.4 |
579.8 |
-4.5% |
|
|
|||
|
San Francisco-Oakland-Fremont, CA |
718.7 |
733.4 |
2.0% |
|
|
|||
|
San Jose-Sunnyvale-Santa Clara, CA |
740.0 |
760.0 |
2.7% |
|
|
|||
|
Sarasota-Bradenton-Venice, FL |
367.4 |
301.3 |
-18.0% |
|
|
|||
|
Seattle-Tacoma-Bellevue, WA |
335.0 |
372.9 |
11.3% |
|
|
|||
|
Shreveport-Bossier City, LA |
125.6 |
131.7 |
4.9% |
|
|
|||
|
Sioux Falls, SD |
136.4 |
133.7 |
-2.0% |
|
|
|||
|
South Bend-Mishawaka, IN |
89.9 |
89.8 |
-0.1% |
|
|
|||
|
Spartanburg, SC |
125.6 |
121.3 |
-3.4% |
|
|
|||
|
Spokane, WA |
168.6 |
189.2 |
12.2% |
|
|
|||
|
Springfield, IL |
105.9 |
94.9 |
-10.4% |
|
|
|||
|
Springfield, MA |
198.6 |
199.4 |
0.4% |
|
|
|||
|
Springfield, MO |
120.8 |
119.4 |
-1.2% |
|
|
|||
|
Syracuse, NY |
112.7 |
115.4 |
2.4% |
|
|
|||
|
Tallahassee, FL |
176.4 |
185.3 |
5.0% |
|
|
|||
|
Tampa-St.Petersburg-Clearwater, FL |
223.0 |
229.7 |
3.0% |
|
|
|||
|
Toledo, OH |
112.7 |
104.8 |
-7.0% |
|
|
|||
|
Topeka, KS |
105.2 |
101.1 |
-3.9% |
|
|
|||
|
Trenton-Ewing, NJ |
243.1 |
289.0 |
18.9% |
|
|
|||
|
Tucson, AZ |
246.2 |
239.4 |
-2.8% |
|
|
|||
|
Tulsa, OK |
120.0 |
128.5 |
7.1% |
|
|
|||
|
Virginia Beach-Norfolk-Newport News, VA-NC |
220.5 |
235.2 |
6.7% |
|
|
|||
|
Washington-Arlington-Alexandria, DC-VA-MD-WV |
432.9 |
421.6 |
-2.6% |
|
|
|||
|
Waterloo/Cedar Falls, IA |
106.3 |
102.9 |
-3.2% |
|
|
|||
|
Wichita, KS |
108.7 |
113.4 |
4.3% |
|
|
|||
|
Worcester, MA |
289.5 |
274.7 |
-5.1% |
|
|
|||
|
Yakima, WA |
135.2 |
144.6 |
7.0% |
|
|
|||
|
Youngstown-Warren-Boardman, OH-PA |
86.7 |
80.0 |
-7.7% |
|
|
|||
|
U.S. |
225.3 |
219.3 |
-2.7% |
|
|
|||
|
Northeast |
281.7 |
274.6 |
-2.5% |
|
|
|||
|
Midwest |
168.9 |
161.8 |
-4.2% |
|
|
|||
|
South |
188.7 |
181.7 |
-3.7% |
|
|
|||
|
West |
353.6 |
355.1 |
0.4% |
|
|
|||
|
NA=not available |
|||
