In looking back from September 2011 going forward to September 2012 we can see a fast incline in home prices for single family-detached homes.
The median price for our local area in September 2011 was $120,000. In one year we have seen an increase of $40,000 to a current median price of $160,000. That equates to a 33.3 increase in one year!
Average price per square foot went from approximately $80 sq.ft. to current $102 sq.ft.