Boston

The Red Sox’s 2007 World Series championship was a bright spot in this city, where housing prices declined and foreclosures grew by nearly 200 percent. Home prices dropped by almost the same amount that job growth increased, according to Local Market Monitor.
Median price end of 2007: $380,700
Median price end of 2006: $388,000
% change: – 1.9 %
Projected change through Q3 2008: – 6.3 %
Affordability rating: 7
Foreclosures in 2007:
(1 for every 146 households)
5,106
Foreclosures in 2006:
(1 for every 439 households)
1,705
Change in foreclosures: + 199.8%
Current rate comparison
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Price trends

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June ’06: National median price $227,100
Dec. ’06: National median price $221,900
Dec. ’06: Local median price $388,000
June ’07: National median price $229,200
Dec. ’07: National median price $198,700
Dec. ’07: Local median price $380,700
* Median prices for existing single-family homes