10-17-2013 08:00 PM

8 Cities Where Asking Prices Are Soaring

Asking prices on homes for-sale are edging higher nationwide in the past year, with prices 6.40 percent higher than year ago levels, according to realtor.com®’s September National Housing Trend Report. Nationwide, the national median list price for homes was $199,500 last month.*
Of the 146 markets that realtor.com® tracks in its report, more than 20 percent reported year-over-year over price gains of 12 percent or more.*
In some areas, asking prices have jumped even more — by 26 percent or more — in the past year. In Detroit alone, asking prices have surged 44.57 percent year-over-year.*
The following metros have seen some of the largest gains in median asking prices year-over-year:
1. Detroit: +44.57%
Median list price: $133,000
2. Stockton-Lodi, Calif.: +41.12%
Median list price: $239,900
3. Santa Barbara-Santa Maria-Lompoc, Calif.: +32.10%
Median list price: $786,000
4. Las Vegas, Nev.-Ariz.: +30.69%
Median list price: $169,900
5. Reno, Nev.: +29.63%
Median list price: $259,250
6. Sacramento, Calif.: +28.94%
Median list price: $303,000
7. Oakland, Calif.: +27.99%
Median list price: $479,950
8. Melbourne-Titusville-Palm Bay, Fla.: +26.90%
Median list price: $165,000
Source: Realtor.com National Housing Trend Report (September 2013)
Read More
Housing Moves Toward 'Healthy Equilibrium'
America's Priciest ZIP Codes

Continue Reading >>