NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
- The health of the local job market
- Foreclosure rates
- Housing inventory
- Debt-to-income and mortgage-servicing-costs-to-income ratios
Metropolitan Median Area Home Prices and Affordability
NAR releases statistics on metropolitan area median home prices each quarter. This quarterly report includes a breakdown of condo and co-op prices by metro market.
Metropolitan Statistical Areas (MSAs) are as defined by the U.S. Office of Management and Budget and include the specified city or cities and surrounding suburban areas.