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
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The Federal Housing Finance Agency (FHFA) released its monthly report Tuesday on U.S. home prices in May, based on its House Price Index (HPI) for houses financed or guaranteed by Fannie Mae or Freddie Mac. According to the FHFA, home prices increased in May by 0.8% from April to an index level of 188.06, which was the highest level for home prices since August 2010 (see top chart above). The April-May increase in the...
