Nationwide inventory levels are down and median list prices are inching up, but where are home shoppers looking most online? Realtor.com, in its latest monthly housing data of 146 markets, releases its top-searched housing markets for March. Chicago and Detroit continue to hold onto the top spots.
The top-searched housing markets in March at Realtor.com are:
- Los Angeles-Long Beach, Calif.
- Philadelphia, Pa.-N.J.
- Tampa-St. Petersburg-Clearwater, Fla.
- Phoenix, Mesa, Ariz.
- Las Vegas, Nev.-Ariz.
7 Metros Where List Prices Soared Last Month
Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The median list price nationally is now $189,900.
In fact, nearly all of the 146 metro areas saw median list prices rise or hold steady month-over-month except for five metros (Columbia, Mo.; Melbourne-Titusville-Palm Bay, Fla.; Minneapolis-St. Paul, Minn.; Fort Collins-Loveland, Colo.; and Reading, Pa.).
The areas seeing some of the largest month-over-month increases in median list prices are:
1. San Francisco
Month-over-month increase: 6.10%
Median list price: $649,000
2. Washington, D.C.-Md.-Va.-W.Va.
Month-over-month increase: 5.92%
Median list price: $270,000
3. San Jose, Calif.
Month-over-month increase: 5.57%
Median list price: $495,000
4. Oakland, Calif.
Month-over-month increase: 5.04%
Median list price: $336,120
5. Seattle-Bellevue-Everett, Wash.
Month-over-month increase: 4.97%
Median list price: $314,900
6. Toledo, Ohio
Month-over-month increase: 4.90%
Median list price: $104,900
7. New Haven-Bridgeport-Stamford-Danbury-Waterbury, Conn.
Month-over-month increase: 4.29%
Median list price: $365,000
The metro areas that have seen the largest jumps in median list prices over the year include Phoenix-Mesa, Ariz. (a 23.45% increase in list prices compared to March this year to March 2011); Miami (a 22.27% increase), and Boise City, Idaho (a 19.73 percent increase), the Realtor.com data shows.
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to buy and not a bad time to sell”