Daily Real Estate News | Tuesday, September 18, 2012
The median list price was at $190,000 in August, dropping 2.51 percent from July, Realtor.com reports in its August housing data of 146 markets.
However, a limited inventory of homes for-sale are helping to push prices up in many areas.
“The recovery process, which began a year ago in Florida and has since spread to the West, continued to gain traction in August, with list price gains in most California markets, as well as other hard-hit metros such as Phoenix.; Boise City, Idaho; Seattle and Reno, Nev.,” Realtor.com reported in a release of its data.
The following areas saw the biggest growths in their list prices month-over-month in August:
1. Iowa City
Median list price: $212,900
2. Santa Barbara-Santa Maria-Lompoc, Calif.
Median list price: $749,000
3. Stockton-Lodi, Calif.
Median list price: $170,000
4. Sacramento, Calif.
Median list price: $225,000
5. Riverside-San Bernardino, Calif.
Median list price: $214,000
6. Macon, Ga.
Median list price: $139,500
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News