According to Realtor.com’s latest Monthly Housing Summary the list prices for homes across the country increased 7.57 percent year-over-year in October. Of the 146 markets tracked by Realtor.com 85 percent reported year-over-year increases — with many showing gains of 20 percent or more; and even a few with increases of 30 to 40+ percent.
Reno, Nevada ranked 4th nationwide amongst housing markets with the largest increase in list price. Reno’s median list price increased 29.29 percent year-over-year.
The Realtor.com report also showed Reno’s median list price for October was $258,577. To compare these numbers to actual sold homes in October, Reno’s median sales price was $215,000, for a year-over-year increase of 19.4 percent.
What other markets showed the largest gains in list prices? Here are the top-ten…
| Rank | Market | List price increase % |
| 1. | Detroit, Mich. | 44.33% |
| 2. | Stockton-Lodi, Calif. | 40.80% |
| 3. | Santa Barbara-Santa Maria-Lompoc, Calif. | 33.39% |
| 4. | Reno, Nev. | 29.29% |
| 5. | Melbourne-Titusville-Palm Bay, Fla. | 27.78% |
| 6. | Fresno, Calif. | 24.34% |
| 7. | Las Vegas, Nev.-Ariz. | 24.33% |
| 8. | Oakland, Calif. | 24.27% |
| 9. | Phoenix-Mesa, Ariz. | 22.0% |
| 10. | San Diego, Calif. | 21.92% |
Nate
Well at least the housing market is heading in the right direction finally.
I guess I won’t be buying a new house anytime soon though :/
Bob
wait for banks to release more, then it will drop