Week of October 22, 2018

Top median sales price increases

Top ten U.S. metro areas with greatest median sales price increases month-over-month

Top ten U.S. metro areas with greatest median sales price increases month-over-month
Show: Hide: View full data
Metro area Month-over-month
price change
Detroit-Dearborn-Livonia, MI 24.70%
Tulsa, OK 15.00%
Lake County-Kenosha County, IL-WI 7.45%
Buffalo-Cheektowaga-Niagara Falls, NY 7.07%
Newark, NJ-PA 4.29%
Memphis, TN-MS-AR 4.17%
Providence-Warwick, RI-MA 3.99%
North Port-Sarasota-Bradenton, FL 3.98%
New York-Jersey City-White Plains, NY-NJ 3.33%
Gary, IN 3.20%

This graph looks at the top ten metropolitan areas with the greatest month-over-month changes in median sales price for July 2018. Detroit-Dearborn-Livonia, Michigan; Tulsa, Oklahoma; and Lake County-Kenosha County, Illinois-Wisconsin, had the top month-over-month price increases.

Detroit-Dearborn-Livonia, Michigan, had the largest median sales price increase at over 24%. This price increase may be a result of its improving economy and limited housing market inventory. Overall, the top ten metropolitan areas had relatively high median sales price increases of more than 3%, and most of them are along the East Coast. This may suggest that housing prices are slowly rising in this part of the country.1

1Source data: CoreLogic®
Data date: 09/25/2018

This publication is provided for your convenience and information only. Bank of America, N.A. assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, Bank of America, N.A. is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.

More from this week's issue