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Second-quarter home prices for 151 markets.
September 6, 2006: 2:06 PM EDT
NEW YORK (CNNMoney.com) -- Housing markets seem to have slid into a new phase, one of much slower price growth.
After
several consecutive quarters of double-digit, year-over-year increases,
the national market recorded a gain of just 3.7 percent in the second
quarter, to $227,500.
It was the second consecutive quarter in which home prices failed to
repeat the gains of an average of more than 10 percent annually from
2002 through 2005.
Regionally, only the Northeast continued to
perform comparatively well - prices climbed there by 6.3 percent to
$299,200. Midwestern prices fell by 2.0 percent to $167,400. The South
gained 4.1 percent ($188,200) and the West rose 3.6 percent ($350,800).
Condo
prices, down nationally by 0.3 percent, fell in the West by 6.7 percent
to $272,200. The Northeast again led the market with condo prices there
up by 4.9 percent to $257,800
Click to see the full table
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