Median Prices for Existing Homes in 2005

Median prices for existing homes rose 13.6 percent during 2005, according to the National Association of Realtors, but trends varied widely among metropolitan areas. <br/><br/>The real estate group said

Monday, March 6th 2006, 2:13 pm

By: News On 6

Median prices for existing homes rose 13.6 percent during 2005, according to the National Association of Realtors, but trends varied widely among metropolitan areas.

The real estate group said 72 areas had double-digit increases in their median price _ the price at which half the houses sold went for more, and half sold for less. The biggest run-ups, more than 40 percent, were in Phoenix; around Cape Coral-Fort Myers, Fla.; and in Orlando, Fla.

The highest median prices were in San Francisco-Oakland and nearby San Jose, Calif., at well over $700,000; and Anaheim-Santa Ana-Irvine, Calif., at $699,800. Honolulu and San Diego also topped $600,000.

Here's a list of select metropolitan areas, their median price at the end of last year, and the percentage increase (or decrease) during 2005:

Anaheim, Calif.; $699,800; 11.5 percent

Austin, Texas; $167,000; 10.4 percent

Baltimore; $265,100; 20.2 percent

Chicago; $265,600; 11.2 percent

Cleveland; $135,700; (down 0.9 percent)

Dallas-Fort Worth; $145,500; 6 percent

Denver; $247,500; 4.4 percent

Des Moines, Iowa; $147,200; 4 percent

Detroit; $156,200; (down 0.4 percent)

Honolulu; $620,000; 26.5 percent

Houston; $146,300; 8 percent

Indianapolis; $122,000; 7.6 percent

Kansas City, Mo.; $156,500; 4.8 percent

Las Vegas; $315,900; 12.3 percent

Little Rock, Ark.; $125,900; 16.6 percent

Los Angeles; $568,400; 20.7 percent

Louisville, Ky.; $134,600; 2.1 percent

Memphis, Tenn.; $144,200; 7 percent

Miami-Fort Lauderdale; $391,200; 23.9 percent

Milwaukee; $211.6; 6.2 percent

Minneapolis-St. Paul; $230,500; 4.5 percent

Mobile, Ala.; $133,700; 16.8 percent

Montgomery, Ala.; $136,300; 14.5 percent

Nashville, Tenn.; $170,900; 13.9 percent

New Orleans; $181,200; 29.2 percent

New York-Long Island-Northern New Jersey; $459,600; 16 percent

New York-Nassau-Suffolk; $472,400; 9.4 percent

Oklahoma City; $121,700; 10.9 percent

Omaha, Neb.; $137,700; 3.2 percent

Orlando, Fla.; $261,800; 42 percent

Philadelphia; $215,100; 13.7 percent

Phoenix; $268,400; 48.9 percent

Pittsburgh; $114.3; 6.2 percent

Portland, Ore.; $256,600; 19.6 percent

Raleigh-Cary, N.C., $197,700; 15.2 percent

Sacramento, Calif.; $380,900; 10.8 percent

St. Louis; $138,800; 7.9 percent

Salt Lake City; $182,300; 14.2 percent

San Antonio; $136,800; 11.7 percent

San Diego; $607,400; 6.6 percent

San Francisco-Oakland; $718,700; 9.4 percent

San Jose, Calif.; $747,000; 3.7 percent

Seattle; $335,000; 11.7 percent

Tampa-St.Petersburg, Fla.; $223,000; 32.3 percent

Washington-Northern Virginia; $432,900; 20.6 percent

Source: National Association of Realtors