10 Cities Broke Gain Records in 2016

National Mortgage News reports that not only did home values continue to recover in 2016, but a large percentage of cities saw median prices hit all-time, record-breaking highs.

The data compiled by Attom Data Solutions indicates 89 out of 201 markets with population over 200,000 people reached a peak last year.
housing prices

Here are the 10 metropolitan areas that set an all-time peak with the largest year-over-year gain in their median sales price:

No. 10: Nashville-Davidson-Murfreesboro-Franklin, Tenn.
2016 median sales price: $203,000
Year-over-year increase: 9.7%
No. 9: Pensacola-Ferry Pass-Brent, Fla.
2016 median sales price: $150,000
Year-over-year increase: 11.1%
No. 8: Kennewick-Richland, Wash.
2016 median sales price: $205,000
Year-over-year increase: 11.2%
No. 7: Fort Collins, Colo.
2016 median sales price: $310,500
Year-over-year increase: 11.3%
No. 6: Denver-Aurora-Lakewood, Colo.
2016 median sales price: $330,000
Year-over-year increase: 11.3%
No. 5: Urban Honolulu, Hawaii
2016 median sales price: $515,000
Year-over-year increase: 12%
No. 4: Portland-Vancouver-Hillsboro, Ore.-Wash.
2016 median sales price: $315,000
Year-over-year increase: 12.1%
No. 3: Salem, Ore.
2016 median sales price: $214,000
Year-over-year increase: 12.7%
No. 2: Boulder, Colo.
2016 median sales price: $443,000
Year-over-year increase: 13.3%
No. 1: Myrtle Beach-Conway-North Myrtle Beach, S.C.-N.C.
2016 median sales price: $189,950
Year-over-year increase: 23.3%

Are you interested in learning more about Colorado Springs and where it falls in home sales and pricing? I’d love to talk with you about it! Please call my office at (719) 447-7915 and we’ll take a closer look together.

Questions? Contact Shane Ray Today!
Shane Ray

Colorado Springs REALTOR®

Shane Ray

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