Wednesday, June 1, 2011

7 Cities Where Home Prices Are Rising

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Nationally, median list prices are down 4 percent year-over-year, averaging $191,900, according to April housing data from Realtor.com of 146 markets. However, a handful of cities are bucking that trend and have seen list prices grow higher in the last year.

Here are seven markets that have seen its median list prices grow higher over the past year:

1. Fort Myers-Cape Coral, Fla.: Up 25.7% year-over-year for median list price
Median list price: $225,000

2. Miami: Up 8.64%
Median list price: $239,000

3. Shreveport-Bossier City, La.: Up 8.13%
Median list price: $173,000

4. Washington, D.C.-Maryland-Virginia-West Virginia: Up 5.99%
Median list price: $369,900

5. Columbia, Mo.: Up 5.07%
Median list price: $168,000

6. Peoria-Pekin, Ill.: Up 3.57%
Median list price: $144,900

7. Fort Collins-Loveland, Colo.: Up 3.48%
Median list price: $249,900

By Melissa Dittmann Tracey for REALTOR® Magazine

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