California metros, as well as hard-hit housing markets such Phoenix and Seattle, are showing some of the largest year-over-year increases in asking prices.
Nationwide, the median list price was $191,500 in September, only about 0.78 percent higher than a year ago, according to the most recent housing data release from Realtor.com. But in several metros across the country, asking prices are more than 10 percent higher than what they were a year ago.
The following metros are showing the strongest rebounds in asking prices in the past year, according to September housing data from Realtor.com.
1. Santa Barbara-Santa Maria-Lompoc, Calif.
- Median list price: $725,000
- Year-over-year increase: 32.05%
2. Phoenix-Mesa, Ariz.
- Median list price: $190,000
- Year-over-year increase: 26.66%
3. San Francisco
- Median list price: $750,000
- Year-over-year increase: 18.11%
4. San Jose, Calif.
- Median list price: $579,000
- Year-over-year increase: 17.50%
5. Seattle-Bellevue-Everett, Wash.
- Median list price: $367,950
- Year-over-year increase: 14.98%
6. Sacramento, Calif.
- Median list price: $239,000
- Year-over-year increase: 14.23%
7. Oakland, Calif.
- Median list price: $387,503
- Year-over-year increase: 13.97%
8. Boise City, Idaho
- Median list price: $170,000
- Year-over-year increase: 13.33%
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News