CNN Money Market Watch

Published 04 February 11 12:07 PM | RICHARD ZANGRE 

CNNMoney.com predicts by 2012, the national median

home price is expected to rise by about 4%. (2/3/11)

384 markets tracked. Check the predictions for your city.

Sebastian-Vero Beach, FL

Forecast change: first quarter, 2010 – first quarter, 2011 -3.7%

Forecast change: first quarter, 2011 – first quarter, 2012 +1.6%

Market fundamentals

Median Family Income

(2008) $60,500

Median Home Price

(Third quarter 2009) $147,000

Change in Home Prices

(From third quarter 2008 thru third quarter 2009) -2.4%

Worst 1-Year Home Price Change

(1980-2009)

Palm Bay-Melbourne-Titusville, FL

Forecast change: first quarter, 2010 – first quarter, 2011 -2.1%

Forecast change: first quarter, 2011 – first quarter, 2012 +7.7%

Market fundamentals

Median Family Income

(2008) $60,600

Median Home Price

(Third quarter 2009) $102,000

Change in Home Prices

(From third quarter 2008 thru third quarter 2009) -11.2%

Worst 1-Year Home Price Change

(1980-2009)

-20.7%

(2008:Q4)

Port St. Lucie, FL

Forecast change: first quarter, 2010 – first quarter, 2011 -6.7%

Forecast change: first quarter, 2011 – first quarter, 2012 +4.8%

Market fundamentals

Median Family Income

(2008) $53,100

Median Home Price

(Third quarter 2009) $125,000

Change in Home Prices

(From third quarter 2008 thru third quarter 2009) -0.2%

Worst 1-Year Home Price Change

(1980-2009)

-30.8%

(2008:Q3)

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Comments

# Adam Ogilvie said on March 25, 2011 12:10 PM:

In turn, hopfully this means the number of home sales are going to increase and our economy is getting better.   I'm keeping my fingers crossed.  

Also, it's always a good idea to get a Home Inspection prior to closing.

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