A number of housing markets nationwide have been seeing modest increases in
median list prices. In the last year alone, median national list prices ticked
up 6.82 percent year over year in February, according to Realtor.com data of 146
metro markets. And a number of markets have seen increases in just one month by
3 or 4 percent.
The
following are the eight metro areas that saw the highest median list price
increases from January to February: 1. San Jose,
Calif.Month-over-month increase: 4.20 percentMedian list price:
$468,888
2.
Washington, D.C.-Md.-Va.-W.Va.Month-over-month increase: 4.17
percentMedian list price: $384,950
3.
DetroitMonth-over-month increase: 3.92 percentMedian list price:
$84,900
4.
Corpus Christi, TexasMonth-over-month increase: 3.89 percentMedian list
price: $165,700
5.
San FranciscoMonth-over-month increase: 3.77 percentMedian list price:
$611,700
6.
Punta Gorda, Fla.
Month-over-month
increase: 3.35 percent
Median
list price: $185,000
7.
Atlanta
Month-over-month
increase: 3.27 percent
Median
list price: $154,900
8.
Oakland, Calif.
Month-over-month
increase: 3.23 percent
Median
list price: $320,000
And
where have median list prices fallen the most in the last month? Iowa City,
Iowa, where median list prices have declined 4.95 percent, and Toledo, Ohio,
where list prices dropped 4.31 percent from January to February, according to
Realtor.com data.
By Melissa Dittmann Tracey, REALTOR® Magazine Daily
News
Nationwide
List Prices Rise Nearly 7%