8 Metros Where List Prices Are on the Rise

I found this in the Daily Real Estate News on Tuesday, March 20, 2012-worth reading.   -Russell

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

A number of housing markets nationwide have been seeing modest increases in median list prices. In the last year alone, median national list prices ticked up 6.82 percent year over year in February, according to Realtor.com data of 146 metro markets. And a number of markets have seen increases in just one month by 3 or 4 percent.

The following are the eight metro areas that saw the highest median list price increases from January to February:

1. San Jose, Calif.

Month-over-month increase: 4.20 percent

Median list price: $468,888

2. Washington, D.C.-Md.-Va.-W.Va.

Month-over-month increase: 4.17 percent

Median list price: $384,950

3. Detroit

Month-over-month increase: 3.92 percent

Median list price: $84,900

4. Corpus Christi, Texas

Month-over-month increase: 3.89 percent

Median list price: $165,700

5. San Francisco

Month-over-month increase: 3.77 percent

Median list price: $611,700

6. Punta Gorda, Fla.

Month-over-month increase: 3.35 percent

Median list price: $185,000

7. Atlanta

Month-over-month increase: 3.27 percent

Median list price: $154,900

8. Oakland, Calif.

Month-over-month increase: 3.23 percent

Median list price: $320,000

And where have median list prices fallen the most in the last month? Iowa City, Iowa, where median list prices have declined 4.95 percent, and Toledo, Ohio, where list prices dropped 4.31 percent from January to February, according to Realtor.com data.