Stephanie Mattingly on Louisville, Kentucky Real Estate

The National Association of Realtors just release their third quarter report on Tuesday confirming what we have been seeing locally in the Louisville, Kentucky real estate market.  First, that there is hope on the home-price front. Thirty cities in the third quarter saw median home prices rise from the same period a year ago (see list below).   However, that still leaves 123 metro areas where home values are falling. Nationally, the median home price fell 11 percent to $177,900 from a year ago.

After viewing the 30 metro areas below you will notice most of them are located in the midwest.  These areas did not have the large appreciation rates that Arizona, Florida, California, and Nevada had.

Here is the list of the 30 cities with the local median price of a home and its percentage rise in value from a year ago:

1. Cumberland, MD-WV ($122,100) 19.2%

2. Davenport-Moline-Rock Island, IA-IL ($115,600) 14.3%

3. Oklahoma City, OK ($144,100) 9.1%

4. Shreveport-Bossier City, LA ($152,300) 8.6%

5. Cedar Rapids, IA ($145,700) 7.6%

6. Bismarck, ND ($157,200) 7.5%

7. Ft. Wayne, IN ($102,500) 6.9%

8. Buffalo-Niagara Falls, NY ($119,700) 4.8%

9. Jackson, MS ($141,200) 4.6%

10. Durham, NC ($184,300) 3.6%

11. Charleston, WV ($132,000) 3.4%

12. Springfield, IL ($114,400) 3.2%

13. Beaumont-Port Arthur, TX ($133,600) 3.1%

14. Yakima, WA ($158,400) 2.7%

15. Manchester-Nashua, NH ($237,600) 2.6%

16. Fargo, ND-MN ($142,100) 2.4%

17. Florence, SC ($121,300) 2.4%

18. Waterloo/Cedar Falls, IA ($118,200) 2.4%

19. Memphis, TN-MS-AR ($129,300) 2.2%

20. Indianapolis, IN ($120,200) 2.0%

21. Little Rock-N. Little Rock, AR ($132,500) 2.0%

22. Denver-Aurora, CO ($229,100) 1.8%

23. Pittsburgh, PA ($124,600) 1.5%

24. Des Moines, IA ($156,600) 0.8%

25. Kennewick-Richland-Pasco, WA ($172,200) 0.7%

26. South Bend-Mishawaka, IN ($88,500) 0.6%

27. Dallas-Fort Worth-Arlington, TX ($150,500) 0.2%

28. Houston-Baytown-Sugar Land, TX ($160,600) 0.2%

29. Louisville, KY-IN ($135,600) 0.1%

30. Omaha, NE-IA ($137,600) 0.1%