7 Markets Showing Big Home Price Growth

Home prices are inching up across the country, as a housing recovery ripples through once hard-hit areas. Here are some of the top “turnaround housing markets” that have seen the biggest jumps in median home prices in the past year.

·  LAS VEGAS
Median home price for fourth quarter of 2012: $147,000
Difference in prices between 2011-2012: +27.5%

·  SEATTLE
Median home price: $299,950
Difference in prices between 2011-2012: +24%

·  PHOENIX
Median home price: $189,000
Difference in prices between 2011-2012: +21.8%

·  OAKLAND, CA
Median home price: $384,750
Difference in prices between 2011-2012: +21%

·  SAN JOSE, CA
Median home price: $589,950
Difference in prices between 2011-2012: +20.8%

·  SALT LAKE CITY
Median home price: $159,000
Difference in prices between 2011-2012: +18.9%

                ·       ATLANTA

                                         Median home price: $159,000

                                         Difference in prices between 2011-2012: +18.9%

Data by realtormag.com

The West Wins: Top 10 'Turnaround' Housing Markets

Western states continue to dominate, showing some of the fastest paces of recovery in the nation’s housing markets. With inventories falling, national median list prices increased 2.54 percent year-over-year during the third quarter, Realtor.com reports. 

I sold this Olympia home in July for full asking price in less than 30 days.

The site released its rankings of the top 10 turnaround towns, based on third quarter housing data of median list price increases, inventory levels, and employment rates.

1.     Oakland, CA

2.     Sacramento, CA

3.     San Jose, CA

4.     San Francisco, CA

5.    Seattle-Bellevue-Everett, WA

6.     Bakersfield, CA

7.     Santa Barbara-Santa Maria-Lompoc, CA

8.     Phoenix-Mesa, AZ

9.     Fresno, CA

10.   Miami, FL