The five most expensive housing markets in the second quarter were the San Jose, Calif., metro area, where the median existing single-family price was $899,500; San Francisco, $769,600; Anaheim-Santa Ana, Calif., $691,900; Honolulu, $678,500; and San Diego, $504,200.
The five lowest-cost metro areas in the second quarter were Youngstown-Warren-Boardman, Ohio, where the median single-family home price was $78,600; Rockford, Ill., $85,300; Elmira, N.Y., $87,800; Decatur, Ill., $90,900; and Toledo, Ohio, $95,900.
Regionally, total existing-home sales in the Northeast rose 5.1 percent in the second quarter but are 4.1 percent below the second quarter of 2013. The median existing single-family home price in the Northeast was $255,500 in the second quarter, down slightly (0.9 percent) from a year ago.
In the Midwest, existing-home sales increased 9.4 percent in the second quarter but remain 6.1 percent below a year ago. The median existing single-family home price in the Midwest increased 4.4 percent to $167,600 in the second quarter from the same quarter a year ago.
Existing-home sales in the South climbed 3.4 percent in the second quarter but are 1.0 percent below the second quarter of 2013. The median existing single-family home price in the South was $187,300 in the second quarter, 3.7 percent above a year earlier.
In the West, existing-home sales rose 7.1 percent in the second quarter but remain 9.0 percent below a year ago. The median existing single-family home price in the West jumped 7.3 percent to $297,400 in the second quarter from the second quarter of a year ago.
For more information, please visit www.realtor.org.
