Kiplinger, with data from Clear Capital, has developed a clickable table that shows median home prices and percentage changes for the 100 largest metropolitan areas in 2018. In addition the area’s current median home price, the table lists the percentage change since the peak of the market in mid-2006 and the bottom of the market in early 2012. Check out some more details below and the table at the following link.
The median home price (half of all homes sold cost more, and half cost less) as of December 31 was $240,000, an increase of $8,000 in 2018, compared with an increase of $20,000 in 2017. The smaller amount reflects a slowdown in home-price growth, as well as an increase in the number of entry-level homes sold.
The affordability index shows the relative affordability of cities (on a scale of 1 to 10; 1 is most affordable and 10 is least affordable). It is based on the percentage of annual income required to buy a median-priced home in each metro area in late 2018. The least affordable city is New York, and the most affordable is Detroit.
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