ORLANDO, Fla., March 5, 2009 —Today eppraisal.com released its National Real Estate Market Analysis report for 182 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in August 2008 through October 2008 with homes sold in November 2008 through January 2009.

There are no surprises in the data with 89 percent of the markets tracked by eppraisal.com seeing a drop in the median sales price of homes sold between November ‘08 and January ‘09. The hardest hit areas were in Ohio, Michigan, and South Carolina where some cities saw more than a 20 percent drop in the median sales price. In Akron, Ohio, Toledo, Ohio, Sandusky, Ohio, and Dayton, Ohio, home prices were down 37 percent, 26 percent, 24.4 percent, and 23.6 percent respectively. In Michigan the Warren-Troy-Farmington Hills area saw a 29.4 percent decline to a median home price of $60,000. In South Carolina, Florence saw a 22.6 percent drop in the median sales price to $82,036. Sumter declined by 21.2 percent to $85,000.

A few smaller markets in North Carolina, Pennsylvania, and Georgia saw increases in median sales price. For example, the Burlington, N.C., market saw the greatest increase of all the markets with a 13 percent increase in the median sales price to $130,000. Another double digit increase in the median sales price occurred in State College, Penn., which saw a 12.5 percent increase to $180,000. Outside of those two markets there were no other double digit increases in median sales price; however, Rome, Ga., and Gainesville, Ga., came close with increases of 9.7 percent to $214,000 and 9.3 percent to $107,100.

See a complete list all areas tracked by eppraisal.com.

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