Grand Demand

November 1, 2002

Of 113 metro areas tracked by NAR, all but 10 posted annual increases in home-price appreciation for the second quarter of 2002, the latest for which figures were available. In 28 areas, the increases were double-digit.

The national median home price for the second quarter stood at $157,700, a 7.4 percent increase over the second quarter of 2001.

Biggest gain: Nassau-Suffolk, N.Y., had a median price of $307,200, up 29.6 percent over 2Q 2001.

Biggest drop: In Topeka, Kan., the median sank 7.9 percent from 2Q 2001 to $83,800.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Related