Today eppraisal.com released its National Real Estate Market Analysis report for 184 markets across the continental U.S. This report, which tracks median sales price of residential homes, compares data on homes sold in the last three months ending April 2009 with homes sold in the previous three months beginning on November 2008 and ending January 2009.

During this time period, 119 markets across the U.S. saw a decrease in the median home value, which accounts for 64.7 percent of the markets tracked by eppraisal.com. This is down from the 143 markets that saw declines in the previous eppraisal.com report for first quarter. An upward trend in median home value continues in smaller markets, like Punta Gorda, Fla., with a 9.5 percent increase in the median home value to $115,000, Wausau, Wisc., up 8.8 percent to a median value of $117,500, and Binghamton, N.Y., with a 14.5 percent increase to a median value of $226,600.

Even though smaller markets continue to dominate the list of areas showing increases in the median home value, eppraisal.com shows a few larger markets with home value gains. For the first time this year, San Francisco-San Mateo, Calif., shows an increase in the median home value, which is up 0.2 percent to a median value of $600,000.

Other California markets that appear to be reversing the trend are the San Jose-Santa Clara area, which is up 1.2 percent to a median home value of $430,000, and the Santa Barbara-Santa Maria area, which is up 4.6 percent to a median home value of $250,000. While we have a few gainers, overall the California market is still in negative territory with 75 percent of the 28 markets tracked by eppraisal.com seeing declines in home values.

In other areas the bleeding continues. In Florida, Jacksonville drops even further with a 5.8 percent decline to a median home value of $150,700. The Orlando-Kissimmee area decreased 8.4 percent to a median home value of $156,500. It’s not much better in the Carolinas, with Wilmington, N.C., declining 6.5 percent to a median value of $187,000.

The eppraisal.com National Real Estate Market report is attached. It shows the median sales price of existing single-family home sales in the last three months ending April 2009 in comparison with homes sold in the previous three months beginning on November 2008 and ending January 2009.

See a complete list of rankings.

This entry was posted on Thursday, June 4th, 2009 at 12:07 pm and is filed under Random Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.