Newspaper article The Florida Times Union

Home Prices Up, but Not in Jacksonville

Newspaper article The Florida Times Union

Home Prices Up, but Not in Jacksonville

Article excerpt

The value of most Americans' homes is rising faster than

inflation except in such Northeastern cities as Hartford, Conn.,

and Syracuse, N.Y., and a few other scattered metro areas,

including Jacksonville.

Nationally, the median price of existing homes increased by

$4,700 to $123,700 in the April-June quarter, meaning half sold

for more and half for less, the National Association of Realtors

said yesterday.

The 3.9 percent gain from the same quarter last year was

ahead of the 2.3 percent inflation rate during the period.

Realtors President Russell K. Booth said the strong economy

and job market are supporting consumers' confidence and helping

the housing market.

In the South, the median price rose 5 percent to $108,300; in

the West, 4.8 percent to $160,800, and in the Midwest, 4.6

percent to $105,600. However, the median price advanced just 1.8

percent to $145,900 in the Northeast.

In Jacksonville, the median price was $85,000, a decline of

4. …

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