When it comes to high home prices, Greater Boston still near the top
Only New York and California's top three metro markets are more expensive to buy a house in, Zillow finds in its latest quarterly report.
Of the nation's 25 top metro markets, the Boston area comes in at No. 5, with a median home value of $319,000.
While San Francisco remains king, at $467,400, we are not that far behind New York ($348,000), San Diego ($344,000), and Los Angeles ($387,000).
And we are still near the top despite a nearly 20 percent decline across the Boston area in median prices since the market peaked here in 2005.
For the price of one home here, you could buy nearly three houses in Orlando, where prices have more than 60 percent from their peak to $115,000.
At $319,000, we are back at 2002 levels. And that, frankly, was hardly a bargain year, with prices already spiraling upward.
If the Great Recession and its aftershocks can't bring prices down here, what will?
