February 2006 Home Price Update

My last report on home sales prices for the RetireHomeSmart 50 cities was early December. I showed you a graph that confirmed what everybody is saying about the summer of '05 being the peak of the "real estate bubble".

Well, with roughly 10% of February sales figures in, what we were seeing was either a short term lull or, perhaps, just a seasonal adjustment. Because average home prices are on the way up again. At least for those properties in the RHS 50.



Those with homes in any of our desirable cities are smiling again because average home prices are up 13.4% from the lull in 2005. The big winners are Durango(CO) at 24%, Hot Springs Village(AR) at 19% and South Lake Tahoe(CA) and Santa Fe(NM) at 18%.

Stay tuned to RetireHomeSmart.com for accurate, up-to-date home sales stats for the top retirement and vacation cities in the U.S.