Skip to main content
  1. Life
  2. Neighborhoods
  3. Real Estate & Construction

Metro Areas See Solid Home-Price Growth

See also

The numbers are in... the majority of metropolitan areas experienced strong year-over-year price growth in the fourth quarter. Las Vegas is among them. The median existing single-family home price increased in 73-percent of markets measured by the National Association of Realtors (NAR). Of those, 33-percent experienced double-digit growth, including Las Vegas which was up 27-percent. Much of that is being attributed to tight housing supplies.

The national median single-family home price nationwide was $190,000 in the fourth quarter. That's up 10.1 percent from the same time the previous year. In Las Vegas, the median single-family price was $160,000.

The five lowest-cost metro areas in the fourth quarter were Toledo, Ohio at $80,500 followed by Rockford, Ill; Cumberland, Md; Elmira, NY and South Bend, Ind. On the flip side, the five highest-cost metro areas in the fourth quarter were San Jose, Ca at $775,000 followed by San Francisco, Honolulu, Anaheim-Santa Ana and San Diego.

NAR chief economist Lawrence Yun says "New home construction activity needs to increase significantly in the fast appreciating markets to help relieve upward pricing pressure." In 2013, housing starts were at 924,000, which is well below the 1.6 million needed just to keep up with population growth.



  • Dan Savage
    Dan Savage cares about LGBT youth, bullying and saving lives
    Today's Buzz
  • Raku
    Teachers and students can use this summer to learn a new skill
    15 Photos
  • Beach body
    Fitness: Earn your beach body badge with bootcamp classes
    10 Photos
  • Greek wine
    Unwind with these delicious wines: The thrilling wines of Greece
    7 Photos
  • Mandy Moore
    Exclusive interview with Celebrity Mandy Moore concerning animal activism
    5 Photos
  • Educational family vacations
    Find out how to take an educational family vacation that doesn't break the bank
    9 Photos