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Current market: Prices rise, fall equally

May 29, 2012

The least expensive housing market nationally at the beginning of 2012 was metro Detroit, followed by nearby Toledo, Ohio, according toNAR  The third-cheapest market was Lansing-East Lansing, Mich.

In the first quarter of this year, half of the houses sold in the Detroit area went for less than $52,300 per NAR.

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Top risers
Cape Coral-Fort Myers, Fla. 28.1 percent
Grand Rapids, Mich. 19 percent
Palm Bay-Melbourne-Titusville, Fla. 16.9 percent
Erie, Pa. 16.6 percent
Tampa-St. Petersburg-Clearwater, Fla. 16.1 percent
Fort Wayne, Ind. 14.8 percent
Peoria, Ill. 13.6 percent
Bismarck, N.C. 12.4 percent
Elmira, N.Y. 12 percent
Sarasota-Bradenton-Venice, Fla. 11.1 percent

 

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