Recently, we took a look at the hottest and coldest markets in the U.S. based on a growth basis. But thanks to some great information from the National Association of Realtors, prospective homeowners and interested investors can take things a step further and dive into the particulars about price. Not just price change, but also the most affordable – and most expensive – housing markets in America right now.
After all, growth is important – but the context about whether home prices are rising from $50,000 or $350,000 is certainly worth noting. Equally important is the stability of housing markets as measured by the median listing price. Since all real estate decisions are local it’s important to understand just what each local market will bear.
So using data through the first quarter of 2012, here’s a quick rundown of the most affordable housing markets and most expensive housing markets in the U.S. right now, complete with year-over-year price change and median price statistics for each metro market.