May 21st, 2013
We know it’s cheaper to buy a home than rent in America’s 100 largest metros, but where does it pay off most to sell?
Data from the most recent Trulia Price Monitor shows that asking home price are up 8.3% year-over-year across the nation. But, as with all things real estate, the local data is what matters most.
Top 10 Metros for Asking Home Price Gains
Congrats on the growing commissions to those of you who work in cities that made this month’s hot list. For the rest of you, keep reading for tips on how to get local data to help you sell the benefits of listing now and score more listings in today’s low inventory market.
| # | U.S. Metro |
Y-o-Y% change in prices
|
| 1 | Las Vegas, NV |
28.5%
|
| 2 | Oakland, CA |
26.3%
|
| 3 | Sacramento, CA |
25.6%
|
| 4 | Phoenix, AZ |
23.3%
|
| 5 | San Jose, CA |
22.9%
|
| 6 | Bakersfield, CA |
19.0%
|
| 7 | Orange County, CA |
18.6%
|
| 8 | San Francisco, CA |
18.1%
|
| 9 | Riverside-San Bernardino, CA |
18.1%
|
| 10 | Warren-Troy-Farmington Hills, MI |
18.0%
|
What if my Zip code or Area isn’t on the list?
Even if your Zip code didn’t make the top 10 list, you can still show off the benefits of selling today with data.
Step 1: Visit Trulia.com/Local
Step 2: Enter your Zip code or city name
Step 3: Click “More Local Info” to get to your area’s local stats page
Here you can get real time data updates, screen shots of color-coded heatmaps, and easy-to-read graphics that show how prices are ticking up in your market.
Do the big spikes mean bubble?
According to Trulia’s Chief Economist, Jed Kolko, “Home prices today are rising nearly as fast as they did during the peak bubble years of 2005-2006. Since that bubble helped push us into the Great Recession, we should all be on high alert for the next housing bubble.”
For the short answer, check out one of our newest monthly data releases, Trulia’s Bubble Watch for the latest on whether or not today’s good news is sustainable.
Selling today is an easy decision for owners who have toughed out the market recovery looking to cash in. Use this our monthly reports, the Trulia Housing Barometer, Bubble Watch, and the Trulia Price-Rent Monitor, to help you show your seller prospects, now’s the time to jump in.
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