Real Estate Market (still) In Recovery Mode?

September 11th, 2009 by Allison Jordan

In the August 2009 eppraisal.com National Real Estate Market Analysis report, released today, 76 percent of the markets tracked saw an increase in the median home value, which was up from 50 percent in the prior report (July). In the current report, the trend continues with 80 percent of the markets tracked by eppraisal.com showing positive gains in home values. Even larger markets that have taken substantial hits in the past are showing continued recovery. For example, San Francisco, Los Angeles, and San Diego markets all saw over a 5 percent increase in the median home value with 17.8 percent, 6.7 percent, and 7.7 percent increases.

The full list of all 138 markets can be found in our market report. However, here are some of the most notable highlights.

  • Santa Cruz-Watsonville, Calif., jumped 32 percent to a median value of $515,000.
  • The Orlando-Kissimmee, Fla., area has stopped the decline and has increased by 1.6 percent to a median value of $152,900.
  • Bend, Ore., and Sherman-Denison, Tex., were the only areas (tracked by eppraisal.com) that saw double digit declines in home values. Bend, Ore., dropped by 11.6 percent to a median value of $175,000, and Sherman-Denison, Tex., decreased by 11.2 percent to a median value of $86,568.
  • Honolulu, HI, had a modest decrease of 1.6 percent to a median value of $555,000.
  • Salt Lake City, UT, also had a modest decrease, with a 1.4 percent drop in value to a new median of $227,992.

The National Real Estate Market Analysis report tracks median sales price of residential homes in 138 markets across the continental U.S. compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009. This report compares data on homes sold in the last three months ending July 2009 with homes sold in the previous three months beginning on February 2009 and ending April 2009.

See the full list of national home value rankings.


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This entry was posted on Friday, September 11th, 2009 at 11:54 am and is filed under Real Estate Market, eppraisal.com. 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.

4 Responses to “Real Estate Market (still) In Recovery Mode?”

  1. Nick Brian Says:
    September 11th, 2009 at 7:44 pm

    Hi Allison,
    It’s very updated and just what I was looking for. Information regarding Santa Cruz Ca real estate was my primary concern. I’ve been planning and taking precations, doing feasibility studies for a long time to invest in the RE industry.

  2. Devid Fox Says:
    September 12th, 2009 at 6:58 am

    As the economy of USA is in a critical condition the real estate business
    started falling down. It is a good news that the market is now recovering from this situation. I am mainly interested about Santa Cruz. It’s recovery is 32 percent worth of $515,000. That makes me more hopeful.

  3. North Fork, Long Island, NY Real Estate Blog OptionsRealty.com » Blog Archive » Positive Signs - North Fork / East End of Long Island Housing Says:
    September 13th, 2009 at 12:03 pm

    [...] recently read the following article found here, and were encouraged that pricing appears to have found a “floor” in many parts of the [...]

  4. Carmen Arruda Fidelity National Title Says:
    November 19th, 2009 at 6:17 pm

    Fear of Double Dip in Housing.

    Here are the latest numbers:

    Percentage of U.S. households behind on payments, but not yet in foreclosure: 3.4% up from 1.5% a year ago.
    Number of homes listed for sale in the U.S.: 3.63 million, down 15% from one year earlier.
    Forecast by Amherst Securities Group of upcoming foreclosures in next two years: Seven million homes
    Drop in average housing value since April 2006: 30%
    Percentage of U.S. households 30 days or more overdue: 12.4%, up from 8.6% one year ago.

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