10 Markets Where Asking Prices Have Risen Most
Las Vegas is still on the map! As we have discussed before prices have risen in many markets, Las Vegas being one of the highest price increases. However, that being said we have seen a hugh slow down in the rising prices in the Las Vegas area. As I have stated before I believe we are leveling out some and we are not seeing the housing prices continuing to rise at this time.
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:
- Stockton-Lodi, Calif: 38.9%
- Las Vegas, Nev.-Ariz.: 30.4%
- Detroit, Mich.: 30%
- Reno, Nev.: 23.5%
- Riverside-San Bernardino, Calif.: 20.4%
- Denver, Colo.: 20.1%
- Houston, Texas: 18.5%
- Fresno, Calif.: 17.4%
- Columbia, Mo.: 17.2%
- Bakersfield, Calif.: 16.4%
Source: DAILY REAL ESTATE NEWS
