Average Home Price Approaches Quarter Million

(Thursday, March 04, 2004) - The Federal Housing Finance Board recently released the results of its year-end survey of 2003. According to the board's report, the average U.S. home price as of December 31 was $245,700, a 3.7% increase over the national average posted the previous year.

The region with the most expensive housing market was the San Francisco Bay area, where home prices averaged $506,200. The San Diego area was next among big-city markets with an average home price of $490,200.

The least expensive big-city housing market was San Antonio, where the average home price was tallied at $146,100. Indianapolis was the next step on the big-city ladder at $154,600.

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