Latest Home Prices: More Up Than Down

Latest Home Prices: More Up Than Down

The median price for a single-family home sold during the three months ending June 30 fell to $223,800, 1.5 percent below the price a year ago.

Some of the results of the survey from the National Association of Realtors were more positive.  More metro area markets - 97 of 149 - gained ground than lost.

One of the four U.S. regions, the Northeast recorded a slight price gain of 0.7 percent.  The West lost 0.4 percent, the South 1.6 percent and the Midwest 2.2 percent.

NAR predicts home prices will turn slightly positive again by spring of 2008 and rise about 2 percent that year.