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Old 08-10-2012, 09:21 AM
 
Location: Zurich, Switzerland
25,342 posts, read 33,173,101 times
Reputation: 10742

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According to the National Association of Realtors

Q2 2012 Median Price, Single Family Home
San Jose-Sunnyvale-Santa Clara $660,000
San Francisco-Oakland-Fremont $552,600
San Diego-Carlsbad-San Marcos $379,100
New York-Northern NJ-Long Island $377,600
Washington-Arlington-Alexandria $367,000
Boston-Cambridge-Quincy $362,100
Los Angeles-Long Beach-Santa Ana $296,800
Seattle-Tacoma-Bellevue $290,700
Denver-Aurora $260,700
Baltimore-Towson $244,000
Portland-Vancouver-Beaverton $233,900
Hartford-West Hartford-East Hartford $226,300
Philadelphia-Camden-Wilmington $219,700
Austin-Round Rock $218,700
Providence-New Bedford-Fall River $217,500
Miami-Ft Lauderdale-Miami Beach $206,700
Milwaukee-Waukesha-West Allis $189,700
Chicago-Naperville-Joliet $187,700
Riverside-San Bernardino-Ontario $183,000
Minneapolis-St Paul-Bloomington $174,500
Sacramento-Arden Arcade-Roseville $170,200
Houston-Baytown-Sugar Land $168,300
New Orleans-Metairie-Kenner $165,100
Dallas-Ft Worth-Arlington $163,000
San Antonio $162,800
Nashville-Davidson-Murfreesboro $159,800
Kansas City $148,400
Phoenix-Mesa-Scottsdale $148,400
Columbus $142,100
Orlando $136,100
Cincinnati-Middletown $135,400
St Louis $134,700
Las Vegas-Paradise $130,700
Memphis $123,500
Cleveland-Elyria-Mentor $103,900
Atlanta-Sandy Springs-Marietta $103,200
Detroit-Warren-Livonia $60,200

http://www.realtor.org/sites/default...2012-08-09.pdf
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Old 08-10-2012, 09:26 AM
 
Location: Zurich, Switzerland
25,342 posts, read 33,173,101 times
Reputation: 10742
Now would be a good time to buy in Atlanta.
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Old 08-10-2012, 09:51 AM
 
Location: Philadelphia
6,571 posts, read 3,503,075 times
Reputation: 4341
Now would be a good time to sell in The Bay IMO. I know real estate growth is limited and the area will always be desirable but those prices just seem way to inflated and just not sustainable for the future.
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Old 08-10-2012, 09:54 AM
 
Location: Zurich, Switzerland
25,342 posts, read 33,173,101 times
Reputation: 10742
Quote:
Originally Posted by 2e1m5a View Post
Now would be a good time to sell in The Bay IMO. I know real estate is limited and the area will always be desirable bit those prices just seem way to inflated.
Actually the 2007 median home price in the SF MSA as $887,000 so prices in the Bay right now actually seem way more realistic.
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Old 08-10-2012, 09:56 AM
 
300 posts, read 234,178 times
Reputation: 86
I'm not sure why folks are saying it's a good time to sell in expensive markets, or a good time to buy in cheap markets.

The issues are unrelated. An expensive market can be undervalued, and a cheap market can be overvalued. It depends on the local characteristics.
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Old 08-10-2012, 10:01 AM
 
Location: Philadelphia
6,571 posts, read 3,503,075 times
Reputation: 4341
Quote:
Originally Posted by 18Montclair View Post
Actually the 2007 median home price in the SF MSA as $887,000 so prices in the Bay right now actually seem way more realistic.
Oh ok, feel bad for those that bought during the high point of the bubble. You could be right about The Bay being able to maintain current price levels though if they already reached nearly a mill.
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Old 08-10-2012, 10:11 AM
 
Location: London, U.K.
883 posts, read 748,028 times
Reputation: 766
Quote:
Originally Posted by 18Montclair View Post
Now would be a good time to buy in Atlanta.
You should invest in your 4th favorite city (thats assuming it comes after SF, LA, and NYC).

Wow Chicago and Miami are literally less expensive than Austin, which I don't understand. Having been to all of these cities I noticed Austin for its size is particularly expensive real estate.

Last edited by BLAXTOR; 08-10-2012 at 10:40 AM..
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Old 08-10-2012, 10:17 AM
 
Location: Zurich, Switzerland
25,342 posts, read 33,173,101 times
Reputation: 10742
Quote:
Originally Posted by BLAXTOR121 View Post
You should invest in your 4th favorite city (thats assuming it comes after SF, LA, and NYC).
Yeah pretty much. lol

Ive come close to moving to Atlanta a few times.
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Old 08-10-2012, 10:19 AM
 
Location: New Mexico
7,565 posts, read 8,470,968 times
Reputation: 8287
Sure looks like prices have come back down to earth in many metros. Surprised to see how high Denver is ranking.
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Old 08-10-2012, 10:28 AM
 
Location: London, U.K.
883 posts, read 748,028 times
Reputation: 766
I wouldn't even think about selling if I lived in the bay area, the market is just now starting to recover. Those prices are going no where but up.
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