Saturday
July 2, 2016

11 Metros Showing the Highest Appreciation

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11 Metros Showing the Highest Appreciation

Twenty major metros soared to new post-recession price peaks in 2013 and 2014, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report.

Appreciating Appreciation

REALTORS® Still Optimistic on Rising Appreciation

More States See Rising Home Prices

Consumers Aren't Losing Confidence in Home Prices

A handful of markets continue to post double-digit appreciation compared to a year ago. The metro areas with a population of 500,000 more that had the highest median sales price increases in the past year include: 

  • Toledo, Ohio: +33%
  • Detroit: +27%
  • Cleveland: +21%
  • McAllen-Edinburg-Mission, Texas: +21%
  • Dayton, Ohio: +20%
  • Memphis, Tenn.: +18%
  • Austin, Texas: +17%
  • Miami, Fla.: +16%
  • Houston: +16%
  • Cincinnati: +15%
  • Chicago: +15%

Overall, RealtyTrac’s report showed that home price appreciation rose in 46 percent of the markets — 45 of the 97 metro areas nationwide with a population of 500,000 or more. Notably, some of the fastest-accelerating appreciation is occurring in Ohio. For example, Cincinnati saw a 15 percent annual appreciation this year compared to 4 percent annual depreciation last year, and Cleveland posted a 21 percent annual appreciation this year compared to 2 percent annual depreciation last year, according to RealtyTrac’s report. 

Source: RealtyTrac