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
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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

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