City-by-city price comps
Bismarck, N.D.

Prices are expected to dip in this town, though not as low as the temperatures. Like Boise, Idaho, investors and developers seeking less-expensive markets have affected the city. “It had overbuilding because investors were trying to join in on the bubble,” says David Stiff, chief economist with Fiserv. It posted one of the strongest metro price increases in the Midwest last year. Local Market Monitor expects a 3-percent decline in home prices this year.

Median price end of 2008: $164,300
Median price end of 2007: $155,000
Percent change: 6.0%
Projected change through Q3 2009: -2.1%
Affordability rating: 0.0
Foreclosures in 2008:
(1 for every 39 households)
Foreclosures in 2007:
(1 for every 20 households)
Change in foreclosures: -48%
Expected to hit bottom: Q1 2010
Percent drop needed to reach bottom: -4.8%
Current rate comparison
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Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $153,400
Q2 2008 local median price: $152,500
Q3 2008 local median price: $146,300
Q4 2008 local median price: $164,300

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