Daily Real Estate News  |   February 9, 2007

5 Metro Areas with Highest Price Growth
Home prices are declining year over year for the first time in the last 10 years, according to data from online real estate information site Zillow.com.

Zillow.com estimates that in the fourth quarter of 2006, prices declined nationwide by 0.48 percent compared with the fourth quarter of last year. Zillow.com measured home value changes in 75 metropolitan areas. Here are some of the site’s findings.

Five metropolitan areas where prices have increased the most in the last year:

1. Lakeland-Winter Haven, Fla.: 25.88 percent
2. Yuma, Ariz.: 25.66 percent
3. Myrtle Beach, S.C.: 21.24 percent
4. Flagstaff, Ariz.: 19.02 percent
5. Ocala, Fla.: 17.56 percent

Five metropolitan areas where prices have fallen the most in the last year:

1. Panama City, Fla.: -11.84 percent
2. San Luis Obispo-Atascadero-Paso Robles, Calif.: -11.35 percent
3. Punta Gorda, Fla.: -9.23 percent
4. Sarasota-Bradenton, Fla.: -8.99
5. Greenville-Spartanburg-Anderson, S.C.: -8.73

— REALTOR® Magazine Online