July 2008 Local Real Estate Market Statistics and Indicators

July is almost gone and here are the local real estate market statistics and indicators for real estate markets around the United States.

Nothing has changed too big from June to July… but you will see an overall trend that all in all housing prices are staying relatively constant and falling slightly in most cities.  Of course, just like with anything… there are some markets that are doing pretty decent… and some markets that are becoming more and more affordable for investors and home buyers.

The real estate markets in cities like Miami, San Diego, Phoenix, and Las Vegas… which were once appreciating at stupid high rates… are now some of the areas in the country that some of the best deals can be found.

All in all… check out the markets you are investing in and/or are looking to invest in and see how the overall market is doing.  The "Housing Cost/Income" column is a great column for quickly finding out whether real estate is still "affordable" in that market.  A low ratio shows that real estate is still affordable and/or the median income in that area is high.  As you know, an area with a high median income and low median housing prices may be a good one to look out for as an up and coming market.

Markets with high Housing Cost/Income ratios show that the housing is rather expensive and/or income is not all that high.  This usually doesn’t make for an idea market… but as you know… money can be made in absolutely ANY real estate market.

As always… our friends over at John Burns Real Estate Consulting have provided this research.

Enjoy!

——–

Gas Prices Shift Demand Back to the Urban Core

july 2008 real estate market

We believe that there is going to be a tremendous shift back to urban areas, led by those who bought homes in the outlying areas who lose their home to foreclosure. They will choose to rent near work to save money.

The high price of gas is playing a very important part in home buyer decisions. The phrase "drive until you qualify" has less meaning these days as each mile becomes more expensive. Our clients’ favorite question has shifted from "What markets will recover first?" to "What submarkets will recover first?" Our advice: put your money near the job centers.

Permits Statistics
Employment Statistics
Affordability
12-
12-
Total
NF Payroll Employment
StateMetro Area
MonthS. Fam. Permits
MonthTotal Permits
Permits / Peak Permits
1-Yr Growth
1-Yr Growth Rate
Unemp Rate
Median Home Price
Housing Costs / Income
Housing Cycle Barometer
Alabama
Anniston-Oxford 196 414 87.7% 0 0.0% 4.1% $89,669 23% 3.1
Auburn-Opelika 1,047 1,240 56.3% 1,400 2.5% 3.9% $140,281 35% 3.2
Birmingham 3,712 4,688 60.0% 100 0.0% 3.7% $153,899 32% 3.7
Decatur 322 398 42.2% 600 1.0% 4.1% $99,849 25% 3.9
Dothan 319 319 42.6% (500) (0.8%) 4.0% $95,440 25% 3.3
Florence 325 527 67.3% 1,000 1.8% 4.5% $96,793 22% 0.8
Huntsville 2,741 3,865 77.3% 4,600 2.2% 3.1% $125,569 23% 1.1
Mobile 1,687 2,480 82.1% 1,300 0.7% 4.2% $130,824 33% 5.5
Montgomery 854 1,564 60.0% 1,200 0.7% 4.3% $138,956 31% 5.2
Tuscaloosa 740 1,824 68.7% 500 0.5% 3.9% $122,517 29% 0.9
Alaska
Anchorage 310 660 7.4% 900 0.5% 6.0% $211,684 31% 5.1
Arizona
Flagstaff 403 413 30.4% (300) (0.5%) 3.5% $233,905 45% 5.6
Phoenix 18,679 27,975 40.4% (11,500) (0.6%) 3.5% $212,500 35% 5.5
Prescott 1,121 1,218 27.2% 500 0.8% 3.8% $211,896 46% 5.1
Tucson 3,676 4,640 36.1% (7,500) (1.9%) 3.8% $210,000 40% 5.9
Yuma 919 995 36.9% 1,400 2.7% 17.6% $180,950 41% 5.9
Arkansas
Fayetteville 1,737 3,193 42.1% 1,800 0.9% 4.0% $118,286 22% 0.5
Fort Smith 636 913 69.4% 400 0.3% 4.8% $79,166 17% 0.5
Little Rock 2,377 3,179 55.3% 3,100 0.9% 4.4% $129,556 23% 3.5
California
Bakersfield 2,594 3,558 40.2% 2,200 0.9% 9.5% $194,000 35% 5.4
Chico 696 724 36.4% 1,900 2.5% 7.5% $245,000 47% 5.7
El Centro 314 408 18.5% 0 0.0% 19.2% $189,000 40% 4.8
Fresno 2,632 3,603 48.5% 2,000 0.6% 9.7% $210,000 43% 6.2
Hanford 335 343 25.4% 500 1.4% 9.5% $165,000 31% 5.3
Los Angeles 5,270 15,861 22.6% (6,800) (0.2%) 6.4% $435,000 70% 6.4
Madera 383 390 17.2% 600 1.7% 9.1% $188,000 45% 6.4
Merced 531 642 17.5% 600 1.0% 11.7% $165,000 33% 3.3
Modesto 954 1,505 23.7% (1,000) (0.6%) 10.8% $205,000 37% 4.5
Monterey 532 989 35.1% 1,400 1.1% 6.7% $348,000 52% 3.5
Napa 244 300 29.9% 100 0.2% 4.5% $425,000 57% 5.6
Oakland 2,770 5,730 24.9% (12,100) (1.2%) 5.7% $430,000 51% 4.6
Orange County 1,787 6,088 24.4% (21,000) (1.4%) 4.8% $534,500 64% 6.3
Redding 437 610 25.8% 200 0.3% 9.1% $230,000 45% 5.8
Riverside- San Bernardino 9,500 13,524 23.5% (22,600) (1.8%) 7.4% $259,000 40% 5.3
Sacramento 4,936 6,034 25.3% (5,000) (0.6%) 6.4% $250,000 37% 3.8
San Diego 2,617 6,152 13.9% (3,200) (0.2%) 5.5% $420,000 56% 5.0
San Francisco 829 4,350 64.5% 17,900 1.8% 4.6% $831,250 98% 7.9
San Jose 1,444 3,660 36.4% 6,700 0.7% 5.6% $675,000 71% 7.5
San Luis Obispo 790 1,094 30.4% 0 0.0% 5.2% $440,000 77% 6.8
Santa Barbara 335 367 13.5% (600) (0.3%) 4.6% $356,000 57% 4.8
Santa Cruz 350 746 52.8% 300 0.3% 6.1% $596,500 83% 6.5
Santa Rosa 691 952 16.4% 500 0.3% 5.1% $429,000 62% 5.9
Stockton 1,263 1,515 21.5% 2,500 1.2% 9.5% $235,000 38% 3.3
Vallejo-Fairfield 504 586 9.4% (3,100) (2.4%) 6.5% $300,000 40% 4.9
Ventura 569 1,270 16.9% (6,100) (2.0%) 5.6% $471,000 56% 5.6
Visalia-Porterville 1,732 2,194 61.4% (200) (0.2%) 9.5% $180,000 37% 5.5
Yuba-Sutter 452 540 17.7% (1,500) (3.5%) 11.7% $199,000 39% 4.8
Colorado
Boulder 356 661 12.9% 2,400 1.4% 3.9% $350,000 46% 6.6
Colorado Springs 2,249 2,557 23.2% 2,100 0.8% 5.4% $203,000 30% 4.8
Denver 6,053 12,510 43.8% 16,300 1.3% 4.7% $219,450 32% 4.8
Fort Collins 935 1,415 38.6% 2,400 1.7% 3.9% $220,000 31% 3.9
Grand Junction 1,014 1,130 55.3% 3,100 4.9% 3.6% $176,464 32% 4.9
Greeley 1,215 1,339 30.3% 1,400 1.7% 4.8% $169,850 26% 1.6
Pueblo 512 522 36.3% 1,000 1.7% 5.8% $95,064 21% 0.3
Connecticut
Bridgeport 1,087 1,881 35.7% 3,700 0.9% 4.9% $427,998 46% 0.2
Hartford 1,648 2,378 22.0% 7,600 1.4% 5.4% $237,297 32% 2.5
New Haven 703 1,033 14.1% (400) (0.1%) 5.5% $251,296 34% 2.2
Delaware
Dover 1,078 1,299 59.5% (700) (1.0%) 3.7% $194,488 37% 6.9
Wilmington 1,270 2,001 31.1% (2,300) (0.6%) 4.2% $217,707 32% 5.6
District of Columbia
Washington D.C. 9,346 14,703 38.7% 25,800 1.1% 3.7% $350,040 38% 6.0
Florida
Daytona Beach 1,269 1,995 25.2% (2,200) (1.3%) 5.8% $161,250 33% 5.4
Fort Lauderdale 1,364 2,892 14.8% (8,400) (1.1%) 4.8% $279,750 44% 6.2
Fort Myers 2,171 2,994 10.2% (12,400) (5.3%) 7.1% $199,950 34% 5.1
Fort Walton Beach 472 554 14.9% (900) (1.0%) 3.8% $195,166 31% 5.1
Gainesville 662 1,425 43.0% 1,400 1.0% 3.8% $177,971 40% 5.3
Jacksonville 5,956 8,345 33.3% (3,400) (0.5%) 5.1% $178,000 30% 5.6
Lakeland 3,038 3,441 26.1% (5,700) (2.6%) 5.6% $159,100 30% 5.5
Melbourne 1,570 2,414 24.4% (1,400) (0.7%) 5.7% $159,900 28% 5.2
Miami 2,261 5,973 22.9% (2,800) (0.3%) 4.7% $287,500 57% 7.5
Naples 790 1,365 16.7% (6,100) (4.6%) 5.7% $385,000 57% 6.6
Ocala 1,757 1,802 24.2% (1,400) (1.3%) 6.7% $145,500 30% 5.8
Orlando 8,440 15,625 43.2% 2,900 0.3% 5.0% $211,200 36% 6.1
Panama City 545 795 14.4% (1,700) (2.2%) 4.5% $190,701 35% 6.0
Pensacola 1,523 1,871 29.0% (100) (0.1%) 4.9% $152,811 27% 4.1
Port St. Lucie 1,480 1,845 17.1% (700) (0.5%) 6.9% $160,000 28% 4.2
Punta Gorda 522 799 17.0% (3,200) (7.0%) 7.4% $160,950 29% 4.4
Sarasota 2,035 2,419 16.7% (11,000) (3.7%) 5.8% $220,000 37% 6.2
Tallahassee 1,560 2,231 52.1% (1,000) (0.6%) 4.1% $165,869 35% 5.0
Tampa 6,295 9,801 25.8% (20,300) (1.5%) 5.6% $166,100 31% 5.4
Vero Beach 957 1,027 24.5% (900) (1.8%) 7.2% $166,000 32% 5.4
West Palm Beach 1,898 3,354 14.5% (5,300) (0.9%) 5.4% $265,000 40% 5.4
Georgia
Albany 371 453 36.0% (200) (0.3%) 5.8% $94,780 22% 2.6
Athens 773 878 37.3% 900 1.1% 4.8% $136,125 27% 0.5
Atlanta 22,012 31,700 42.8% 22,900 0.9% 5.5% $154,309 21% 0.7
Augusta 2,272 2,662 48.6% 800 0.4% 5.6% $115,158 23% 2.5
Columbus 938 1,315 58.6% (700) (0.6%) 5.7% $109,616 21% 0.4
Dalton 383 506 46.0% (1,100) (1.4%) 6.5% $111,458 21% 0.6
Gainesville 790 799 30.4% 400 0.5% 4.7% $149,078 26% 2.5
Macon 864 1,197 62.2% (500) (0.5%) 5.9% $100,330 19% 0.4
Savannah 1,994 2,769 55.9% 400 0.2% 4.8% $145,996 27% 4.6
Valdosta 889 1,093 74.8% (400) (0.7%) 4.9% $109,657 27% 2.9
Warner Robins 896 1,101 52.1% 700 1.2% 4.7% $101,119 16% 0.4
Hawaii
Honolulu 818 2,140 43.2% 2,900 0.6% 3.1% $601,608 80% 5.8
Idaho
Boise City 3,055 3,781 32.7% (1,100) (0.4%) 3.1% $185,256 30% 5.1
Coeur D’Alene 822 1,098 40.8% 1,700 3.0% 3.3% $186,235 33% 5.1
Illinois
Bloomington 388 539 31.7% 100 0.1% 4.4% $146,311 26% 1.1
Champaign-Urbana 500 1,034 47.5% (800) (0.7%) 4.9% $142,307 29% 5.1
Chicago 10,061 22,056 50.2% 2,200 0.1% 6.5% $230,000 38% 5.9
Decatur 107 119 20.0% 400 0.7% 6.2% $75,316 16% 0.8
Lake-Kenosha 1,680 1,957 30.3% 1,300 0.3% 5.3% $256,528 33% 5.0
Peoria 983 1,210 62.5% 700 0.4% 4.8% $127,303 24% 5.9
Rockford 719 894 34.1% (800) (0.5%) 7.4% $116,194 23% 6.3
Springfield 412 682 44.0% (300) (0.3%) 5.1% $112,501 21% 3.1
Indiana
Bloomington 429 741 60.7% 500 0.6% 4.6% $123,973 26% 0.9
Elkhart-Goshen 494 564 34.1% (3,900) (3.0%) 5.9% $111,280 19% 0.8
Evansville 728 985 45.2% 3,900 2.2% 4.8% $94,062 19% 2.0
Fort Wayne 859 977 26.5% (1,800) (0.8%) 5.0% $92,249 17% 0.6
Gary 1,786 2,476 53.5% 1,300 0.5% 5.0% $127,979 22% 1.2
Indianapolis 5,923 7,389 43.0% 5,400 0.6% 4.5% $112,513 18% 0.4
Lafayette 563 800 43.7% 2,000 2.1% 4.2% $109,462 23% 0.6
Muncie 94 104 18.2% (100) (0.2%) 5.9% $78,003 18% 0.9
South Bend 612 848 42.7% (200) (0.1%) 5.7% $86,393 16% 0.4
Terre Haute 223 369 53.8% (1,200) (1.6%) 6.1% $78,783 18% 0.6
Iowa
Cedar Rapids 797 1,097 53.4% 1,100 0.8% 3.4% $131,681 23% 4.1
Davenport 605 1,016 66.8% 300 0.2% 4.5% $100,397 20% 3.5
Des Moines 2,831 3,412 54.2% 2,400 0.7% 3.4% $149,156 23% 3.3
Dubuque 253 292 33.5% (400) (0.7%) 3.7% $115,491 21% 0.9
Iowa City 666 799 47.1% 200 0.2% 2.6% $150,146 27% 0.8
Sioux City 235 268 22.7% (1,000) (1.3%) 3.3% $87,757 18% 0.9
Waterloo 406 430 51.2% 1,000 1.1% 3.5% $110,945 21% 5.7
Kansas
Topeka 592 887 64.4% 300 0.3% 4.8% $110,016 20% 4.3
Wichita 2,068 2,659 58.1% 3,000 1.0% 4.3% $115,717 20% 3.9
Kentucky
Bowling Green 471 556 40.1% 900 1.4% 5.4% $108,446 22% 0.5
Lexington 1,773 2,257 44.1% (1,500) (0.6%) 5.1% $138,763 25% 2.0
Louisville 3,555 4,782 53.5% 1,900 0.3% 5.6% $133,495 25% 3.0
Louisiana
Alexandria 575 586 61.6% (300) (0.5%) 3.7% $92,953 25% 4.2
Baton Rouge 3,276 5,142 56.7% 2,300 0.6% 3.6% $171,326 35% 5.7
Houma 715 733 61.4% (100) (0.1%) 2.7% $114,242 24% 4.8
Lafayette 1,170 1,519 29.7% 1,900 1.3% 2.8% $129,097 30% 5.1
Lake Charles 788 1,181 78.6% (1,400) (1.5%) 3.6% $105,469 23% 3.8
Monroe 303 376 31.2% 400 0.5% 4.1% $91,916 25% 3.3
New Orleans 3,709 6,783 51.0% 8,000 1.5% 3.3% $159,619 35% 5.2
Shreveport 1,252 1,815 59.2% 3,200 1.8% 4.2% $133,896 34% 5.5
Maine
Bangor 406 468 47.0% 300 0.5% 4.9% $126,932 27% 4.0
Portland 1,771 2,257 39.3% 700 0.4% 3.9% $229,110 37% 3.7
Maryland
Baltimore 4,009 5,687 29.1% 8,000 0.6% 4.1% $268,809 37% 8.4
Bethesda 1,956 3,145 25.7% 700 0.1% 3.0% $420,000 44% 7.1
Hagerstown 1,474 1,704 41.2% 0 0.0% 5.4% $185,790 30% 3.9
Salisbury 376 574 44.2% 100 0.2% 4.6% $153,046 30% 4.1
Massachusetts
Barnstable Town 630 728 14.7% (200) (0.2%) 4.8% $352,044 53% 3.3
Boston 1,613 4,391 41.5% 18,500 1.1% 4.2% $364,345 51% 6.1
Cambridge 1,564 2,352 31.4% 19,700 0.8% 4.4% $387,816 48% 4.8
Michigan
Ann Arbor 401 476 16.4% (2,200) (1.1%) 6.0% $178,407 26% 0.5
Battle Creek 101 157 25.2% (1,800) (3.0%) 7.5% $89,459 17% 0.7
Detroit 754 976 15.5% (26,600) (3.3%) 10.2% $91,193 19% 0.2
Flint 261 303 8.8% (9,100) (6.0%) 11.1% $94,488 19% 2.7
Grand Rapids 1,425 1,631 32.4% (100) 0.0% 6.8% $102,965 19% 0.9
Holland 586 838 30.5% (1,400) (1.2%) 6.8% $145,948 22% 1.3
Jackson 176 322 32.0% (1,200) (2.0%) 8.3% $107,465 23% 5.5
Kalamazoo 646 995 40.4% (1,300) (0.9%) 6.4% $118,993 23% 2.5
Lansing 414 565 17.9% (2,600) (1.1%) 7.1% $95,923 17% 0.2
Muskegon 228 286 28.8% 200 0.3% 8.3% $93,768 20% 1.8
Niles 356 382 46.8% 1,900 2.9% 7.5% $124,029 24% 4.6
Saginaw 172 225 23.1% (3,000) (3.3%) 9.1% $63,923 15% 0.3
Warren 2,195 2,541 12.8% (20,800) (1.7%) 8.0% $158,777 22% 0.3
Minnesota
Duluth 735 883 51.5% 300 0.2% 5.8% $113,782 22% 6.5
Minneapolis 5,814 7,649 27.2% 8,300 0.5% 4.7% $219,990 30% 4.6
Rochester 589 667 33.1% 1,100 1.0% 4.3% $135,327 19% 1.6
St. Cloud 516 576 28.6% 900 0.9% 5.1% $136,233 23% 3.4
Mississippi
Gulfport-Biloxi 2,162 4,728 86.1% 1,400 1.3% 5.3% $137,916 30% 5.1
Hattiesburg 211 590 52.2% (100) (0.2%) 5.5% $97,540 25% 1.6
Jackson 2,482 2,536 56.3% 400 0.2% 5.4% $121,882 26% 1.8
Pascagoula 584 1,729 100.0% 2,800 5.0% 5.7% $112,909 24% 5.2
Missouri
Columbia 799 1,016 43.4% 1,100 1.2% 4.0% $129,264 27% 3.0
Jefferson City 201 211 18.4% 100 0.1% 4.4% $107,977 21% 3.5
Joplin 268 326 43.9% 800 1.0% 5.1% $85,302 22% 3.3
Kansas City 4,403 7,385 40.1% 1,900 0.2% 5.5% $142,806 23% 0.8
Springfield 1,435 2,909 56.9% 2,800 1.4% 4.6% $118,632 27% 3.7
St. Joseph 130 150 35.0% 800 1.3% 4.7% $89,172 18% 0.8
St. Louis 6,578 7,951 43.4% (9,000) (0.7%) 6.0% $186,913 34% 6.7
Montana
Billings 591 616 42.0% 1,900 2.4% 2.9% $139,405 24% 1.0
Missoula 435 601 53.3% 100 0.2% 3.6% $199,166 43% 5.4
Nebraska
Lincoln 888 1,101 40.7% 2,500 1.4% 2.9% $134,975 22% 3.6
Omaha 3,367 4,853 73.2% 4,100 0.9% 3.4% $134,268 22% 3.6
Nevada
Las Vegas 8,467 19,822 50.5% (4,700) (0.5%) 5.9% $237,000 37% 5.5
Reno 1,596 1,649 26.1% (2,100) (0.9%) 6.1% $260,250 41% 5.6
New Hampshire
Manchester 569 838 11.7% 600 0.6% 3.7% $201,562 24% 1.9
New Jersey
Atlantic City 888 980 24.7% (600) (0.4%) 6.4% $267,050 38% 5.5
Camden 2,109 2,867 33.9% 3,900 0.7% 5.2% $220,640 26% 3.5
Edison 3,700 6,421 26.3% (3,500) (0.3%) 4.8% $353,585 37% 5.3
Newark-Union 2,540 5,373 58.2% (2,700) (0.3%) 5.3% $404,783 44% 4.4
Trenton 343 807 22.2% (300) (0.1%) 4.8% $300,508 33% 4.7
Vineland 450 484 62.0% (1,300) (2.1%) 7.4% $157,404 26% 4.0
New Mexico
Albuquerque 3,029 3,672 41.4% 2,100 0.5% 3.7% $201,790 38% 5.2
Las Cruces 1,088 1,159 46.2% 1,000 1.5% 4.0% $123,403 29% 2.9
Santa Fe 201 201 15.6% 300 0.5% 3.1% $263,680 44% 4.3
New York
Albany 1,405 2,214 41.5% 100 0.0% 4.8% $195,951 32% 4.8
Binghamton 289 331 25.2% 100 0.1% 5.1% $114,687 22% 3.7
Buffalo 1,296 1,586 34.1% 2,900 0.5% 5.8% $101,861 20% 1.6
Glens Falls 411 462 28.6% (200) (0.4%) 5.1% $156,861 32% 4.1
Ithaca 151 296 44.9% 200 0.3% 3.9% $155,871 30% 3.6
Kingston 329 477 33.8% 0 0.0% 5.1% $239,748 40% 4.9
Nassau 2,513 3,549 30.9% 5,100 0.4% 4.6% $438,252 47% 7.6
New York 2,712 39,293 94.5% 40,900 0.8% 4.9% $481,070 75% 6.3
Poughkeepsie 1,145 1,769 34.3% 300 0.1% 5.1% $252,342 34% 3.7
Rochester 1,495 1,834 35.5% (2,600) (0.5%) 5.3% $113,385 20% 2.7
Syracuse 1,085 1,258 36.6% 1,600 0.5% 5.2% $117,191 23% 4.1
Utica-Rome 380 428 32.3% 100 0.1% 5.2% $109,794 23% 3.0
North Carolina
Asheville 2,585 2,811 64.8% 4,600 2.6% 4.8% $177,144 41% 6.2
Burlington 1,078 1,130 55.8% 500 0.8% 6.0% $115,192 27% 1.4
Charlotte 11,912 17,327 68.9% 14,400 1.7% 5.8% $170,000 31% 5.4
Durham 2,428 2,878 44.2% 9,300 3.2% 4.7% $177,652 36% 5.8
Fayetteville 1,666 2,276 52.6% 1,300 1.0% 6.0% $104,893 24% 2.7
Greensboro 3,010 4,100 63.9% 3,300 0.9% 6.0% $146,171 32% 5.1
Greenville 1,148 2,106 81.7% 2,600 3.4% 6.5% $108,303 25% 0.7
Hickory 1,257 1,294 53.2% 500 0.3% 7.0% $110,175 26% 4.3
Raleigh-Cary 10,511 14,116 79.7% 16,100 3.1% 4.6% $207,750 34% 5.6
Rocky Mount 701 770 74.8% 100 0.2% 8.4% $93,226 22% 0.6
Wilmington 4,399 5,339 58.0% 2,300 1.5% 5.1% $205,777 44% 6.5
Winston-Salem 2,877 3,057 68.9% 3,700 1.7% 5.5% $124,388 27% 2.2
North Dakota
Bismarck 664 952 86.4% 900 1.5% 2.6% $134,287 24% 5.0
Fargo 1,067 1,681 59.6% 1,200 1.0% 2.8% $137,592 26% 4.6
Grand Forks 238 311 46.1% 1,100 2.0% 3.4% $124,351 28% 5.3
Ohio
Akron 1,133 1,345 33.5% 1,500 0.4% 5.3% $125,700 23% 3.7
Canton 476 593 38.1% (800) (0.5%) 5.9% $92,833 18% 0.3
Cincinnati 4,258 5,670 36.4% (1,100) (0.1%) 5.2% $130,000 21% 0.7
Cleveland 3,059 3,488 43.6% (6,700) (0.6%) 7.2% $107,353 19% 0.3
Columbus 3,719 5,616 32.8% 6,400 0.7% 4.9% $148,250 25% 4.0
Dayton 1,288 1,441 34.6% (4,400) (1.1%) 6.7% $104,550 19% 0.4
Lima 133 138 27.3% (100) (0.2%) 6.3% $94,084 18% 1.6
Mansfield 100 162 26.9% (300) (0.5%) 6.7% $95,042 20% 2.3
Springfield 120 232 33.8% (200) (0.4%) 5.8% $97,242 18% 0.4
Toledo 1,077 1,854 44.9% (4,600) (1.4%) 6.6% $94,247 17% 0.7
Youngstown 514 725 38.2% (1,400) (0.6%) 6.3% $68,459 14% 0.2
Oklahoma
Oklahoma City 4,760 5,558 25.7% 9,100 1.6% 3.5% $134,687 25% 5.4
Tulsa 3,865 4,631 38.0% 1,100 0.3% 3.5% $120,249 23% 2.9
Oregon
Bend 1,056 1,223 27.4% 1,000 1.4% 6.1% $240,541 42% 6.8
Eugene 848 1,145 41.4% 500 0.3% 5.2% $219,428 43% 7.1
Medford 666 689 32.2% (400) (0.5%) 6.7% $210,370 45% 5.9
Portland 6,333 9,906 50.1% 7,200 0.7% 5.0% $277,100 44% 8.5
Salem 1,059 1,532 45.4% (500) (0.3%) 5.3% $199,000 35% 6.5
Pennsylvania
Allentown 2,275 2,434 45.0% (300) (0.1%) 5.4% $234,814 36% 6.0
Altoona 113 267 53.8% 0 0.0% 4.8% $98,929 18% 0.7
Erie 412 602 59.2% 100 0.1% 5.3% $101,890 21% 1.7
Harrisburg 2,047 2,189 58.8% 1,400 0.4% 4.3% $152,626 23% 3.2
Johnstown 134 150 40.2% (200) (0.3%) 5.7% $85,553 21% 3.6
Lancaster 1,220 1,603 44.4% 2,700 1.1% 3.9% $175,306 27% 3.7
Philadelphia 5,110 7,622 42.8% 6,700 0.3% 5.2% $220,462 32% 5.2
Pittsburgh 3,572 4,078 57.6% 3,200 0.3% 4.8% $118,932 22% 1.3
Reading 779 950 43.5% (1,400) (0.8%) 5.1% $156,025 26% 5.1
Scranton 1,089 1,214 55.7% (300) (0.1%) 5.9% $127,698 25% 3.8
State College 463 629 57.0% 800 1.1% 3.9% $160,129 31% 3.4
Williamsport 169 178 33.5% (200) (0.4%) 5.7% $113,845 24% 2.7
York 1,519 1,602 50.9% 800 0.4% 4.5% $169,550 25% 3.5
Rhode Island
Providence 1,853 2,258 19.2% (12,200) (2.1%) 6.9% $254,302 41% 4.1
South Carolina
Anderson 898 1,024 53.0% (300) (0.5%) 6.1% $105,232 23% 2.8
Charleston 4,774 5,745 53.1% 3,000 1.0% 4.9% $210,000 45% 6.1
Columbia 4,494 5,296 65.2% 3,200 0.9% 5.5% $140,000 27% 5.5
Florence 672 977 74.5% 1,200 1.3% 6.7% $96,895 23% 1.9
Greenville 3,396 4,543 77.1% 8,000 2.5% 5.2% $145,000 32% 6.3
Myrtle Beach 2,859 3,997 33.8% 2,400 1.9% 5.6% $191,369 44% 6.0
Spartanburg 1,360 1,360 49.2% 1,800 1.4% 6.2% $132,780 30% 6.5
South Dakota
Rapid City 588 631 45.9% 400 0.6% 2.8% $123,336 22% 3.3
Sioux Falls 1,230 1,856 73.7% 1,800 1.3% 2.5% $138,978 21% 1.3
Tennessee
Chattanooga 1,662 2,254 58.9% 300 0.1% 5.2% $126,540 25% 1.5
Clarksville 1,192 1,785 51.2% 300 0.4% 6.4% $100,220 20% 0.9
Jackson 403 409 36.6% 700 1.1% 6.4% $90,799 22% 0.8
Johnson City 807 1,274 88.5% 400 0.5% 5.8% $113,289 29% 2.6
Kingsport 913 1,108 72.1% 300 0.2% 5.5% $109,447 26% 1.2
Knoxville 3,343 4,290 66.5% 1,900 0.6% 4.9% $148,305 29% 3.3
Memphis 4,088 5,352 48.4% (1,800) (0.3%) 6.4% $112,709 23% 0.4
Nashville 8,222 10,293 56.0% 8,700 1.1% 5.1% $161,000 28% 5.4
Texas
Abilene 257 271 12.7% 900 1.4% 3.5% $107,100 23% 5.1
Amarillo 577 1,265 34.1% 1,700 1.5% 3.1% $122,200 25% 5.1
Austin 10,322 19,104 72.0% 16,800 2.2% 3.7% $194,700 32% 5.3
Beaumont 960 1,904 73.0% 100 0.1% 5.6% $127,600 26% 5.6
Brownsville 1,428 1,772 45.2% 2,100 1.7% 5.9% $96,000 29% 4.9
College Station 836 1,550 43.7% 2,500 2.7% 3.4% $139,200 32% 4.0
Corpus Christi 1,530 1,868 30.4% 2,500 1.4% 4.3% $150,600 34% 6.3
Dallas 15,916 30,843 41.7% 46,700 2.2% 4.4% $164,700 27% 5.1
El Paso 3,087 3,834 59.2% 6,000 2.2% 5.5% $137,800 33% 5.4
Fort Worth 8,685 13,224 34.3% 19,400 2.2% 4.3% $122,200 20% 5.1
Houston 35,493 55,408 73.7% 58,300 2.3% 4.2% $156,200 27% 5.3
Killeen 2,318 3,070 67.1% 2,800 2.3% 4.4% $121,713 26% 5.1
Laredo 1,019 1,194 49.9% 500 0.6% 4.8% $96,316 26% 1.6
Longview 284 353 22.3% 3,100 3.3% 3.8% $126,100 27% 5.3
Lubbock 819 1,582 37.9% 1,500 1.2% 3.4% $113,100 27% 5.2
McAllen 3,992 5,240 56.3% 5,500 2.6% 6.1% $100,400 27% 1.7
Midland 555 555 14.3% 2,000 3.1% 2.7% $122,477 22% 5.1
Odessa 247 471 22.3% 2,200 3.7% 3.1% $154,700 33% 6.1
San Antonio 7,472 12,200 54.7% 15,600 1.9% 4.0% $152,300 30% 5.3
Texarkana 186 384 45.4% 800 1.4% 4.3% $77,908 16% 0.4
Tyler 298 385 13.1% 1,300 1.4% 4.3% $135,900 27% 5.1
Waco 745 979 32.8% 1,900 1.7% 3.9% $109,100 26% 2.9
Wichita Falls 181 669 74.7% 1,200 1.9% 3.8% $98,300 23% 5.4
Utah
Ogden-Clearfield 2,230 2,612 50.8% 2,000 1.0% 3.0% $165,870 25% 3.2
Provo-Orem 2,547 3,154 48.4% (100) (0.1%) 2.9% $192,193 31% 3.7
Salt Lake City 3,122 5,335 43.0% 10,300 1.6% 3.0% $224,350 34% 5.5
St. George 1,249 1,313 34.1% 1,200 2.3% 3.7% $199,338 38% 4.2
Virginia
Charlottesville 1,001 1,100 41.7% 400 0.4% 3.1% $230,017 36% 5.0
Harrisonburg 792 1,481 100.0% 1,000 1.6% 3.5% $178,367 33% 4.3
Lynchburg 1,240 1,541 83.7% 2,200 2.0% 4.0% $140,240 28% 3.1
Richmond 5,042 6,080 53.3% 6,900 1.1% 4.0% $223,500 36% 5.6
Roanoke 919 1,003 52.0% 500 0.3% 3.8% $145,718 27% 3.1
Virginia Beach 4,089 5,269 22.2% 10,300 1.3% 3.9% $233,213 39% 6.8
Winchester 605 655 36.7% 1,000 1.7% 4.0% $183,443 31% 2.4
Washington
Bellingham 655 914 35.8% 2,000 2.4% 4.9% $251,746 46% 5.9
Bremerton 972 1,153 44.7% 700 0.8% 5.2% $252,875 36% 6.0
Kennewick 1,130 1,158 35.5% 2,800 3.1% 5.4% $164,183 26% 5.0
Olympia 1,547 1,869 57.9% 2,100 2.1% 5.1% $252,219 35% 7.0
Seattle 7,059 18,052 65.2% 21,700 1.5% 4.1% $405,000 49% 7.6
Spokane 1,635 2,122 48.3% 900 0.4% 5.3% $180,273 32% 6.1
Tacoma 2,592 3,590 52.6% 6,600 2.3% 5.7% $255,000 37% 6.3
Yakima 822 953 77.9% 1,100 1.4% 7.4% $160,186 31% 5.2
West Virginia
Charleston 418 451 53.4% 900 0.6% 4.4% $119,564 25% 1.9
Huntington 220 308 48.7% 900 0.8% 5.2% $88,104 21% 0.6
Morgantown 25 231 100.0% 1,400 2.3% 3.6% $125,078 27% 0.7
Parkersburg 187 191 43.6% (100) (0.1%) 5.2% $88,398 18% 0.5
Wheeling 43 45 15.4% (100) (0.1%) 5.3% $81,353 18% 0.7
Wisconsin
Appleton 559 699 32.1% 200 0.2% 3.9% $126,594 19% 2.8
Eau Claire 435 582 40.9% 100 0.1% 3.7% $118,345 21% 2.5
Green Bay 1,123 1,488 47.8% 200 0.1% 4.2% $144,934 23% 2.4
Janesville 369 446 34.8% (1,900) (2.7%) 6.1% $121,746 21% 4.9
La Crosse 382 543 64.0% (400) (0.5%) 3.6% $121,833 22% 2.5
Madison 1,193 2,330 38.1% 2,700 0.8% 3.2% $218,097 31% 5.0
Milwaukee 1,762 3,177 37.0% (4,300) (0.5%) 4.4% $209,342 33% 5.3
Oshkosh-Neenah 435 597 40.9% 300 0.3% 4.0% $118,856 19% 0.8
Racine 400 502 39.3% (600) (0.7%) 5.1% $150,450 23% 5.1
Sheboygan 147 333 45.4% (500) (0.8%) 3.9% $133,479 23% 5.1
Wausau 314 607 43.5% (500) (0.7%) 4.3% $122,141 19% 1.7
Wyoming
Cheyenne 259 269 30.7% 800 1.8% 3.6% $132,725 21% 0.5
About John Burns Real Estate Consulting

So, what does your market look like?  Any good?

Some people have written in recently saying that they love the real estate market stats … but have no clue how to really apply them to your real estate investing activities.  Well… knowing markets and how to time them is VERY important… so in the next month or so we’ll come out with a great tutorial on how to read, analyze, and apply real estate market stats.

Be sure to subscribe to our RSS feed for instant updates for our bi-monthly real estate market stat reports… and join our free REI newsletter to stay up to date on real estate investing stuff that matters in TODAY’S MARKET.


Tags: , , , , ,

by in Featured, Real Estate Investing, Real Estate Markets

About reibrain

Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. All in all... I created this site to provide new and struggling real estate investors truly unbiased, timely, detailed, and comprehensive resources to help you succeed in real estate investing and life!
View all posts by reibrain →

No comments yet.

Leave a Reply