LUXEMBOURG--(Marketwired - December 02, 2015) - Owners.com, a top ten national brokerage and a leading marketplace for self-directed real estate, today released data that ranks 25 Metropolitan Statistical Areas (MSAs) by home price changes from August-September 2014 compared with August-September 2015.
Mid-sized cities experienced some of the largest price increases in the country, while some larger markets, like New York, saw price reductions. The data revealed that Denver, CO showed a median three-bedroom single-family home price increase of 11.9 percent -- the highest among the entire group. Orlando, FL and Miami, FL followed closely behind with increases of 11.6 percent and 11 percent, respectively. The New York metropolitan area -- reaching across state lines into New Jersey and Pennsylvania -- experienced a significant slump, with median prices of three-bedroom single-family homes dropping 6.7 percent.
"This data suggests that secondary markets such as Orlando and Denver have benefited greatly from the overall housing recovery with price gains significantly above larger markets," said Steve Udelson, President of the Owners.com® business. "With the spring real estate season around the corner, consumers who are planning to be in the market next year will want to keep an eye on these markets to make savvy buying or selling decisions."
Owners.com Top 25 MSA Index Ranked by Single Family Home Price Change
| Rank by Price Change | MSA Ranking by Single-Family Three-Bed Home Price Change (August-Sept. 2014 compared with August-Sept. 2015) | Change in Median Single-Family Three-Bed Home Price | September 2015 Transaction Volume |
Change in Transaction Volume | ||||
| 1 | Denver-Aurora-Lakewood CO | 11.9% | 5,896 | 27.8% | ||||
| 2 | Orlando-Kissimmee-Sanford FL | 11.6% | 3,502 | 58.7% | ||||
| 3 | Miami-Fort Lauderdale-West Palm Beach FL | 11.0% | 10,413 | 33.4% | ||||
| 4 | Washington-Arlington-Alexandria DC-VA-MD-WV | 10.1% | 5,558 |
11.2% | ||||
| 5 | Riverside-San Bernardino-Ontario CA | 8.2% | 5,811 | 24.6% | ||||
| 6 | Boston-Cambridge-Newton MA-NH | 8.1% | 5,433 | 46.7% | ||||
| 7 | Portland-Vancouver-Hillsboro OR-WA | 7.2% | 4,508 | 54.6% | ||||
| 8 | Pittsburgh PA | 7.1% | 2,594 | 48.7% | ||||
| 9 | Nashville-Davidson-Murfreesboro-Franklin TN | 7.1% | 4,512 | 56.1% | ||||
| 10 | Tampa-St. Petersburg-Clearwater FL | 7.0% | 5,649 | 60.1% | ||||
| 11 | Los Angeles-Long Beach-Anaheim CA | 6.6% | 10,794 | 29.4% | ||||
| 12 | San Diego-Carlsbad CA | 6.6% | 3,615 | 40.4% | ||||
| 13 | San Francisco-Oakland-Hayward CA | 6.0% | 4,436 | 18.5% | ||||
| 14 | Charlotte-Concord-Gastonia NC-SC | 5.6% | 4,111 | 44.1% | ||||
| 15 | Las Vegas-Henderson-Paradise NV | 5.4% | 3,760 | 51.4% | ||||
| 16 | Jacksonville FL | 5.3% | 2,097 | 44.6% | ||||
| 17 | Sacramento-Roseville-Arden-Arcade CA | 5.2% | 3,570 | 40.3% | ||||
| 18 | Minneapolis-St. Paul-Bloomington MN-WI | 4.8% | 5,518 | 50.3% | ||||
| 19 | Atlanta-Sandy Springs-Roswell GA | 4.2% | 8,362 | 47.1% | ||||
| 20 | Detroit-Warren-Dearborn MI | 4.0% | 4,083 | 18.7% | ||||
| 21 | Chicago-Naperville-Elgin IL-IN-WI | 3.9% | 10,096 | 36.2% | ||||
| 22 | Seattle-Tacoma-Bellevue WA | 3.4% | 6,315 | 37.3% | ||||
| 23 | Columbus OH | 3.2% | 2,645 | 16.3% | ||||
| 24 | Philadelphia-Camden-Wilmington PA-NJ-DE-MD | 2.2% | 5,520 | 32.0% | ||||
| 25 | New York-Newark-Jersey City NY-NJ-PA | -6.7% | 11,566 | 8.8% |
Methodology:
The Top 25 ranking was produced using metropolitan statistical areas, a standardized definition for identifying city centers and immediate suburban areas. The list is comprised of the MSAs with the highest existing single-family home transaction volumes in September 2015 where price data and bedroom counts were available. Transaction volumes and three-bedroom single-family median home price data from August and September 2014 and 2015 were used to calculate the year-over-year changes. Only homes above $50,000 were included in the transaction volume data set. Data was provided by an Altisource business unit, RentRange®, a data provider to the financial services and real estate industries, using public record data sources from tax assessors and county clerk/recorders' offices.
About Owners.com®
Owners.com is a top ten real estate brokerage that provides self-directed consumers with a full menu of real estate services from which to choose. Owners.com makes real estate transactions more affordable for consumers because they only pay for the services they need. Founded in 1996, Owners.com has helped over 400,000 consumers sell and buy homes and save nearly $2 billion in selling expenses. Owners.com is part of the Altisource Portfolio Solutions S.A. family of businesses. Additional information is available at owners.com, facebook.com/ownerscom and twitter.com/ownersdotcom.
About RentRange®
RentRange is a premier provider of Rental Market Intelligence® to the financial services and real estate industries, delivering a wide assortment of address and geography level rental data, analytics, and rent based valuation solutions for single and multi-family properties. Its products include a combination of on-demand automated rent valuation reports and subscription based macro data available at the MSA, county, city and zip code levels. The company fills a longstanding void in the information services community by providing a standardized, reliable source for national residential rental data that is tremendously important for confident and effective decision making.
About Altisource®
Altisource Portfolio Solutions S.A. (
Contact Information:
Investor Contact:
Michelle D. Esterman
Chief Financial Officer
+352 2469 7950
Michelle.Esterman@Altisource.lu
Press Contact:
Lisen C. Syp
Senior Manager, Communications
617-357-6365
Lisen.Syp@owners.com