Real Estate Home Appreciation - Last 12 Months
Last Updated: 11/4/2008

The median home price, the point at which half of all homes are sold for more and half are sold for less, decreased in September, as a rise in home values in the West that was more than compensated for by price declines in the other three regions.

The median price in the Northeast dropped to $246,800 from $271,000 in August. The price has declined 5.4 percent in the last year.

The median price in the Midwest fell to $152,500 from $168,000 the month before and decreased by 7.9 percent since September 2007.

In the South, the median home price was down to $167,200 from $176,500 the previous month and 4.1 percent from one year earlier.

The median price in the West rose to $253,600 in September, up from $253,600, but the current price is still 18.5 percent below the going rate at the same time last year.

Data Source: National Association of Realtors