Saturday
October 25, 2014

Asking Prices Post Big Jumps in These 8 Cities

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Asking Prices Post Big Jumps in These 8 Cities

Median list prices nationwide have risen 2.68 percent in the last year to $195,000, according to June housing data from Realtor.com of 146 metro markets. But in some markets across the country, asking prices have soared even more, in some cases jumping even more than 30 percent in the past year. 

The following are the eight metro areas that posted the largest jumps in median list prices in June of this year compared to June 2011: 

1. Santa Barbara-Santa Maria-Lompoc, Calif.

Year-over-year increase to median list prices: 33.14 percent

Median list price: $699,000

2. Phoenix-Mesa, Ariz.

Year-over-year increase: 32.19 percent

Median list price: $185,000

3. San Francisco

Year-over-year increase: 15.44 percent

Median list price: $725,000

4. Boise City, Idaho

Year-over-year increase: 14.94 percent

Median list price: $170,000

5. Oakland, Calif.

Year-over-year increase: 14.84 percent

Median list price: $379,000

6. Miami

Year-over-year increase: 14.34 percent

Median list price: $275,000 

7. Fort Myers-Cape Coral, Fla.

Year-over-year increase: 14.30 percent

Median list price: $239,925

8. Washington, D.C.-Md.-Va.-W. Va.

Year-over-year increase: 14 percent

Median list price: $284,990

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News