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NAR Releases Q3 Numbers
The National Association of Realtors released their 3rd quarter numbers. The nationwide median price is down 9% from the 3rd quarter 2007.
A handful of metro areas showed some appreciation, but in the Portland metro area, prices are down 9% from their August 2007 peak. The map below is consistent with what has been reported here.
From their release:
Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®.
In the third quarter, 28 out of 152 metropolitan statistical areas showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros experienced declines.
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