Elmira, N.Y.Total population (2009): 88,331
Median sales price (Q4 2010): $101,100
Median sales price % change (Q4 '09-Q4 '10): 16.5%
Sales volume (# units sold in 2010): 627
Sales volume % change (2009-10): 7.7%
Unemployment rate (Dec. 2010): 8%
Foreclosure activity rate (Jan. 2011): 1 in 13,983 units
Median sales price (Q4 2010): $101,100
Median sales price % change (Q4 '09-Q4 '10): 16.5%
Sales volume (# units sold in 2010): 627
Sales volume % change (2009-10): 7.7%
Unemployment rate (Dec. 2010): 8%
Foreclosure activity rate (Jan. 2011): 1 in 13,983 units
The Elmira market saw the biggest jump in price appreciation between fourth-quarter 2009 and fourth-quarter 2010 of 152 metro areas tracked by the National Association of Realtors: up 16.5 percent, to $101,100. In spite of the climb, the vast majority of homes, 87.5 percent, remain affordable to those who make the area's median income.
According to the U.S. Census Bureau, Elmira's median household income rose 5.1 percent between 2008 and 2009 -- the biggest rise among the 10 markets. The number of homes sold in the area increased 7.7 percent in 2010, while most markets saw their sales decrease.
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