Market Update: Year-Over-Year is UP on Average

While not prone to shilling US Housing Market statistics as law due to the location based nature of Real Estate, this MarketWatch article was able to add some cheer by saying on AVERAGE prices were up 0.8% in the last year, but then goes on to point out individual city changes.

Biggest uptick in housing prices: San Francisco at 18%.

Biggest drop in housing prices: -8.5% in Vegas

New York City (our territory) is down 1% year-over-year