The NAR (National Association of REALTORS®) recently released a report comparing various markets to the entire United States. Excerpts from this report on the Topeka Area Metro Market Area makes us all realize how fortunate we are to live in this area of the country.
1 year Appreciation (2008 Q2)
Topeka -1.3% vs U.S. -7.1%
3 year Appreciation (2008 Q2)
Topeka +7.0% vs U.S. -5.6%
3-year Housing Equity Gain
Topeka +$7,200 vs U.S. -$12,333
Median Home Price To Income – Ratio for 2007
Topeka 3.2 vs U.S. 7.9 (Good Relative to Local History)
Median Home Price To Income – Historical Local Average
Topeka 3.3 vs U.S. 7.2 (Good Compared to National Average)
