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.
|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|