Thursday, December 22, 2011

10 Cities Where List Prices Soared Last Month

10 Cities Where List Prices Soared Last Month
Daily Real Estate News | Thursday, December 22, 2011

Median list prices nationwide have risen 4.05 percent on a year-over-year basis, according to November housing data of 146 metro areas from Realtor.com. Fewer cities are reporting year-over-year list price declines, “suggesting a growing optimism on the part of sellers about 2012 market conditions,” according to Realtor.com.

So where have prices risen the most in the last month? The following are the 10 cities that saw the largest median list price increases from October to November.

1. Central Fla.-Regional Statistical Area

Month-to-month median increase: 5.63 percent

Year-over-year increase: 14.27 percent

Median list price: $169,000
2. Phoenix-Mesa, Ariz.

Month-to-month increase: 4.46 percent

Year-over-year increase: 10.54 percent

Median list price: $164,700

3. Miami, Fla.

Month-to-month increase: 3.60 percent

Year-over-year increase: 29.50 percent

Median list price: $259,000
4. Tampa-St. Petersburg-Clearwater, Fla.

Month-to-month increase: 3 percent

Year-over-year decrease: -2.50 percent

Median list price: $144,200
5. New York, N.Y.

Month-to-month increase: 2.71 percent

Year-over-year decrease: -2.57 percent

Median list price: $379,000
6. Fort Myers-Cape Coral, Fla.

Month-to-month increase: 2.69 percent

Year-over-year increase: 21.63 percent

Median list price: $224,900
7. Iowa City, Iowa

Month-to-month increase: 2.50 percent

Year-over-year increase: 3.02 percent

Median list price: $204,900
8. Tucson, Ariz.

Month-to-month increase: 2.41 percent

Year-over-year increase: 2.41 percent

Median list price: $174,000
9. Sarasota-Bradenton, Fla.

Month-to-month increase: 2.13 percent

Year-over-year increase: 16.56 percent

Median list price: $240,000
10. West Palm Beach-Boca Raton, Fla.

Month-to-month increase: 1.86 percent

Year-over-year increase: 15.26 percent

Median list price: $219,000

By Melissa Dittmann Tracey for REALTOR® Magazine’s Daily News

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