The "Bucks" blog on the New York Times website has a post today reporting that housing prices appreciated 6% during 2012 which is a rate of increase more like one that occurs during a robust period of rising prices as opposed to the slow recovery we seem to be experiencing now. Curious about what was going on in this region, I used a simple software program we have to calculate the median price of deeds recorded during the past several years. I framed the search to include all deeds with consideration of greater than $75,000 but less than $1.5 million. Here's what I found:
In 2008, there were 3407 deeds with a median price of $255,000;
In 2009, there were 3418 deeds with a median price of $250,000;
In 2010, there were 3276 deeds with a median price of $256,500;
In 2011, there were 3113 deeds with a median price of $251,500;
In 2012, there were 3722 deeds with a median price of $260,000.
The median price increase from 2011 to 2012 was 3.5%