October 21, 2012
By RealtyTrac Staff
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The heat map below shows change in average home prices from July 2008 to July 2012 by county nationwide along with voting patterns in the 2008 presidential election. The voting data is represented by the color and shade for each county, and the home price data can be viewed for any county by hovering over the county on the map.Please note that home price data is not available in every county. This data is part of RealtyTrac's Exclusive Election 2012 Local Housing Market Health Check. Download the full report or view other housing market heat maps from the report.
The report, which analyzed five different housing metrics in 919 counties nationwide, found that the average sales price of a residential property
in July 2012 was lower than it was in July of 2008 in 665 of the 919 counties
analyzed (72 percent), while the average sales prices was up in 254 of the
counties (28 percent).
In counties where home prices are down from four years ago, the average decrease was more than $69,000 representing a 27 percent drop from the average sales price in 2008.
Among some of the nation’s largest counties, Los Angeles County home prices have dropped more than $57,000 on average, Cook County, Ill., home prices have dropped more than $54,000 on average, Miami-Dade County home prices have dropped more than $117,000 on average, and Queens County, N.Y. home prices are down nearly $13,000 on average.
In counties where home prices are up from four years ago, the average increase in dollars was $49,000. Some of the largest counties where home prices increased include Orange County, Calif., where home prices are up more than $12,000, Cuyahoga County, Ohio, where home prices are up more than $14,000, and Allegheny County, Pa., where home prices are up more than $2,000. Download full report
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