Latest data show housing prices are rising nationwide

As of May 1, all but nine of the 100 core-based statistical areas with more than 500 sales in the previous three months saw prices increase.

By Lew SichelmanMay 24, 2013, 7:59 p.m.

The latest sales numbers from the nation’s Multiple Listing Services are in, and housing is looking good.

As of May 1, only nine of the 100 core-based statistical areas (CBSAs) with more than 500 sales in the previous three months saw prices decline. The other 91 booked higher prices — some quite significantly higher.

According to data supplied by Pro Teck Valuation Services of Waltham, Mass., the average median price of the 100 most active CBSAs was up almost 12% from the same period a year earlier. CBSAs are defined as “micropolitan” areas of at least 10,000 people who are tied to an urban center by commuting.

The average median nationally as of May 1 was $212,869. At the same time last year it was $190,278.

 

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