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September 2, 2014

10 Markets Where Asking Prices Have Risen Most

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10 Markets Where Asking Prices Have Risen Most

While inventories of for-sale homes are on the rise, asking prices are too. The median list price was 5.3 percent higher in March compared to year ago levels, according to realtor.com®’s National Housing Trend Report for March, which tracks 146 housing markets.

Some of the largest price increases are occurring in California and Nevada, which lead a list of metros seeing the largest year-over-year increases in median list prices. But newcomers to the list – Houston and Columbia, Mo. – are also gaining ground.

According to realtor.com®’s March report, the following metros had the greatest year-over-year list price increases:

  1. Stockton-Lodi, Calif: 38.9%
  2. Las Vegas, Nev.-Ariz.: 30.4%
  3. Detroit, Mich.: 30%
  4. Reno, Nev.: 23.5%
  5. Riverside-San Bernardino, Calif.: 20.4%
  6. Denver, Colo.: 20.1%
  7. Houston, Texas: 18.5%
  8. Fresno, Calif.: 17.4%
  9. Columbia, Mo.: 17.2%
  10. Bakersfield, Calif.: 16.4%

Source: “Realtor.com Report: Higher Inventory a Welcome Sign for Spring Buyers,” realtor.com® (April 17, 2014)

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