August 25, 2007

Latest Home Prices: More Up Than Down

Latest Home Prices: More Up Than Down

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The median price for a single-family home sold during the three months ending June 30 fell to $223,800, 1.5 percent below the price a year ago.

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Some of the results of the survey from the National Association of Realtors were more positive.� More metro area markets - 97 of 149 - gained ground than lost.

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One of the four U.S. regions, the Northeast recorded a slight price gain of 0.7 percent.� The West lost 0.4 percent, the South 1.6 percent and the Midwest 2.2 percent.

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NAR predicts home prices will turn slightly positive again by spring of 2008 and rise about 2 percent that year.

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