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October 31, 2014

Asking Prices on the Rise in These Metros

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Asking Prices on the Rise in These Metros

The median list price was at $190,000 in August, dropping 2.51 percent from July, Realtor.com reports in its August housing data of 146 markets. 

However, a limited inventory of homes for-sale are helping to push prices up in many areas.

“The recovery process, which began a year ago in Florida and has since spread to the West, continued to gain traction in August, with list-price gains in most California markets, as well as other hard-hit metros such as Phoenix.; Boise City, Idaho; Seattle and Reno, Nev.,” Realtor.com reported in a release of its data. 

The following areas saw the biggest growths in their list prices month-over-month in August:

1. Iowa City
Month-over-month: +6.5 percent
Median list price: $212,900

2. Santa Barbara-Santa Maria-Lompoc, Calif.
Month-over-month: +5.34 percent
Median list price: $749,000

3. Stockton-Lodi, Calif.
Month-over-month: +3.03 percent
Median list price: $170,000

4. Sacramento, Calif.
Month-over-month: +2.27 percent
Median list price: $225,000

5. Riverside-San Bernardino, Calif.
Month-over-month: +1.90 percent
Median list price: $214,000

6. Macon, Ga.
Month-over-month: +1.90 percent
Median list price: $139,500

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

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