Median prices have risen nearly 25 percent year-over-year, and it ranks fourth in the inventory for tightest inventory. A strong economy is giving a boost to rents and home prices. San Francisco: Inventory shortages have created a seller’s market here with list prices rising more than 20 percent in the last year.
Phoenix-Mesa, Ariz.: List prices have risen 23.59 percent year-over-year, while inventories have fallen nearly 16 percent.
Washington, D.C.: List prices have increased about 16 percent in the past year, while inventories have fallen 30.77 percent. Washington, D.C. is one of the country’s priciest markets with a median price of $429,000.
Source: “Asheville, NC Tops Best Places To Buy In 2013,” Realtor.com (Feb. 14, 2013)