MD: Queen City is Queen of Price
The Queen City area holds a new distinction. From the period of 2006 to 2007, it enjoyed the largest single-family home price increase, according to the National Association of Realtors. The Cumberland area, in Maryland and West Virginia, saw an increase in housing prices of 17% from the first quarter of 2006 to the first quarter of 2007.
In the Cumberland area, the median price of homes was around $100,000 in the first quarter, up from $85,400 in the first quarter of 2006. The figures can be misleading, however, since the median price first jumped to $100,000 in the second quarter of 2006 and has since remained in that general area. The median price in the fourth quarter of 2006 was $98,000.