Homes.com: Three More Markets Now Fully Recovered

Homes.com said 22 of the nation’s top 100 markets have now seen prices rebound over 100% in July, up from 19 in June. There were also just 19 markets considered fully recovered in May.

The newest markets on the list are Des Moines, Iowa, New Orleans and Greenville-Mauldin-Easley, S.C.

Furthermore, 44 markets now show more than a 50% price rebound, up from 41 in July.

According to Homes.com executive vice president Brock McLean, many of those 22 markets “never experienced the dramatic swings in home values that were a result of foreclosures and short sales that plagued many markets across the nation.

“By contrast, most of the markets with the lowest rebound have experienced more dramatic changes in values as a result of foreclosures and short sales and will have a slower path to recovery.”

There are seven markets which have seen their prices rebound over 200%: San Antonio, 301.57%; Houston, 287.23%; Austin, Texas, 281.72%; Oklahoma City, 259%; Dallas-Fort Worth, 257.98%; McAllen, Texas, 240.55%; and Tulsa, Okla., 238.54%.