Could some of the most in-demand housing markets be cooling off?
10 metro areas with the largest April home price increases
Data for April from the Trulia Price Monitor reveals that of the top 100 metro areas nationwide, Miami saw the greatest year-over-year jump in home prices at 16.1 percent.
Trulia Price Monitor, April 2012, home price increases, rent prices, top 10
Data for April from the Trulia Price Monitor reveals that of the top 100 metro areas nationwide, Miami saw the greatest year-over-year jump in home prices at 16.1 percent. The full list of the top 10 is as follows:
1. Miami — 16.1 percent
2. Phoenix — 15.8 percent
3. Cape Coral-Fort Myers, Fla. — 14.1 percent
4. Pittsburgh — 8.5 percent
5. West Palm Beach, Fla. — 7.4 percent
6. Warren-Troy-Farmington Hills, Mich. — 6.9 percent
7. Orlando, Fla. — 6.5 percent
8. Denver — 6.3 percent
9. Bethesda-Rockville-Frederick, Md. — 5.2 percent
10. Little Rock, Ark. — 4.8 percent
In total, 44 out of the top 100 metros saw home prices go up year-over-year; despite this, overall prices only increased 0.2 percent from the previous year. On a quarter-to-quarter basis, prices rose in 92 out of 100. National prices were up 4.8 percent in the same period (unadjusted for seasonality).
At the same time, rent prices nationally were up 5.6 percent from April 2011, with the Edison-New Brunswick, N.J., metro seeing the greatest individual jump at 15.6 percent.
To see the rest of Trulia’s data for April, click here.