Top 10 Metros With Rising Home Prices
Three California metros -- Santa Barbara-Santa Maria-Lompoc, San Francisco and Oakland -- shot to the top five of metros with the largest year-over-year percentage median list price jump, according to Realtor.com data through June 2012. They also claim the highest list prices in the top 10 (outside of Washington, D.C.-area's $425,000) with June 2012 median list prices of $699,000, $725,000 and $379,000, respectively.
Median list prices in the country are on the rise, too.
For the sixth month in a row, median list prices of for-sale U.S. homes -- at $195,000 as of June -- have increased from the previous month, according to Realtor.com's June 2012 real estate report. This trend, along with a 20 percent decline in inventory -- and close to 10 percent fewer days of for-sale homes on the market -- from a year ago, indicate to some that U.S. housing is in the gentle stages of a recovery, on the upcurve of its long, low bottom.
Data Point Percent Change, June 2011 to June 2012 Value
Median List Price: +2.68%, $195,000
Number of Listings: -19.35%, 1.89 million
Median Age of Inventory: -9.67%, 84 days
Top 10 metros, in order, for May 2012 to June 2012 median list price increases, by percentage of growth:
1. Santa Barbara-Santa Maria-Lompoc, Calif.
2. Bakersfield, Calif.
3. Charleston, W.Va.
5. Reno, Nev.
6. San Jose, Calif.
7. Orlando, Fla.
8. San Francisco
9. Minneapolis-St. Paul, Minn.
10. Chattanooga, Tenn.
Read the full story at InmanNews.
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