Selling a Home? Prices are Rebounding! See which cities top the list

Home prices in Florida have had the largest year over year increases in average list prices, according the latest date from Realtor.com.
 
Ft Myers and Cape Coral is number 2 on the list, with Naples number 7 showing an increase of 15.13%.

Lawrence Yun NAR chief economist said “Some of the improvement in August may result from sales that were delayed in preceding months, but favorable affordability conditions and rising rents are underlying motivations.” “Investors were more active in absorbing foreclosed properties. In additional to bargain hunting, some investors are in the market to hedge against higher inflation.”

Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.

If you've been waiting to buy but weren't sure whether the time is right, these figures might help you decide.  We already have lists of people trying to purchase in Naples and surrounding but we cannot find the right home due to the all time low inventory.  If you were thinking of selling your home, give us a call as we really need homes for our customers.

Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.

1. Miami

Average list price: $640,332
Year-over-year increase: 27.4%

2. Fort Myers-Cape Coral, Fla.

Average list price: $443,570
Year-over-year increase: 26.27%

3. Central-Fla.-RSA

Average list price: $405,809
Year-over-year increase: 19.41%

4. Punta Gorda, Fla.

Average list price: $267,066
Year-over-year increase: 16.37%

5. Macon, Ga.

Average list price: $193,520
Year-over-year increase: 15.98%

6. Sarasota-Bradenton, Fla.

Average list price: $466,785
Year-over-year increase: 15.86%

7. Naples, Fla.

Average list price: $713,087
Year-over-year increase: 15.13%

8. West Palm Beach-Boca Raton, Fla.

Average list price: $591,895
Year-over-year increase: 14.68%

9. Ocala, Fla.

Average list price: $193,360
Year-over-year increase: 12.07%

10. Lakeland-Winter Haven, Fla.

Average list price: $181,409
Year-over-year increase: 11.48%

11. Orlando, Fla.

Average list price: $319,419
Year-over-year increase: 10.56%

12. Portland-Vancouver, Ore.-Wash.

Average list price: $314,537
Year-over-year increase: 10.52%

13. Boise City, Idaho

Average list price: $212,588
Year-over-year increase: 10.43%
14. Springfield, Illinois

Average list price: $174,537
Year-over-year increase: 9.12%

15. Shreveport-Bossier City, La.

Average list price: $211,414
Year-over-year increase: 8.34%








By Melissa Dittmann Tracey, REALTOR® Magazine Daily News


DAILY REAL ESTATE NEWS