Daily Real Estate News | Wednesday, April 18, 2012
Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The median list price nationally is now $189,900.
In fact, nearly all of the 146 metro areas saw median list prices rise or hold steady month-over-month except for five metros (Columbia, Mo.; Melbourne-Titusville-Palm Bay, Fla.; Minneapolis-St. Paul, Minn.; Fort Collins-Loveland, Colo.; and Reading, Pa.).
The areas seeing some of the largest month-over-month increases in median list prices are:
1. San Francisco
Month-over-month increase: 6.10%
Median list price: $649,000
2. Washington, D.C.-Md.-Va.-W.Va.
Month-over-month increase: 5.92%
Median list price: $270,000
3. San Jose, Calif.
Month-over-month increase: 5.57%
Median list price: $495,000
4. Oakland, Calif.
Month-over-month increase: 5.04%
Median list price: $336,120
5. Seattle-Bellevue-Everett, Wash.
Month-over-month increase: 4.97%
Median list price: $314,900
6. Toledo, Ohio
Month-over-month increase: 4.90%
Median list price: $104,900
7. New Haven-Bridgeport-Stamford-Danbury-Waterbury, Conn.
Month-over-month increase: 4.29%
Median list price: $365,000
The metro areas that have seen the largest jumps in median list prices over the year include Phoenix-Mesa, Ariz. (a 23.45% increase in list prices compared to March this year to March 2011); Miami (a 22.27% increase), and Boise City, Idaho (a 19.73 percent increase), the Realtor.com data shows.
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
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