The five most expensive housing markets in the third quarter were the San Jose, Calif., metro area, where the median existing single-family price was $860,000; San Francisco, $744,400; Anaheim-Santa Ana, Calif., $697,000; Honolulu, $677,600; and San Diego, $517,800.
The five lowest-cost metro areas in the third quarter were Youngstown-Warren-Boardman, Ohio, where the median single-family home price was $84,500; Cumberland, Md., $93,200; Rockford, Ill., $98,100; Decatur, Ill., $101,900; and Toledo, Ohio, $107,000.
Regionally, total existing-home sales in the Northeast rose 7.0 percent in the third quarter but are 5.2 percent below the third quarter of 2013. The median existing single-family home price in the Northeast was $261,700 in the third quarter, up 2.2 percent from a year ago.
In the Midwest, existing-home sales increased 7.4 percent in the third quarter but remain 4.7 percent below a year ago. The median existing single-family home price in the Midwest increased 5.0 percent to $172,700 in the third quarter from the same quarter a year ago.
Existing-home sales in the South climbed 3.6 percent in the third quarter but are 0.8 percent below the third quarter of 2013. The median existing single-family home price in the South was $189,400 in the third quarter, 4.5 percent above a year earlier.
In the West, existing-home sales rose 4.8 percent in the third quarter but remain 7.2 percent below a year ago. The median existing single-family home price in the West jumped 4.9 percent to $302,300 in the third quarter from the third quarter of a year ago.
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