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September 20, 2014

7 Metros Where List Prices Soared Last Month

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7 Metros Where List Prices Soared Last Month

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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