IRVINE, Calif. -- The average sales price of an existing single-family home increased in 37 states last year, according to statistics released last week by Century 21 Real Estate Corp.
Maryland had the nation's 12th-highest rate of appreciation -- 4.5 percent.
Appreciation in 1990 ranged from a high of 22.7 percent in Hawaii to a low of -5.7 percent in New Jersey. Alaska recorded a 20.5 percent appreciation rate in 1990. Oregon, at 12.5 percent, also recorded double-digit appreciation.
States recording more than 3.0 percent depreciation were all in the Northeast. New Jersey at -5.7 percent was followed by New Hampshire at -5.3 percent, Vermont at -4.7 percent, New York and Massachusetts at -4.0 percent and Rhode Island at -3.1 percent.