FLORIDA MARKETS DOMINATE TOP-TEN LIST OF HOUSING MARKETS THAT HAVE SEEN THE GREATEST INCREASE IN MEDIAN LIST PRICE
A top-ten list of the U.S. housing markets that experienced the greatest year-over-year increase in median list price—just released by the National Association of REALTORS®—turns out to be all but completely dominated by Florida markets.
Only three non-Florida markets broke into the ranking, the first appearing at #6. The top five are Ft. Myers-Cape Coral, Miami, Naples, Sarasota-Bradenton and Punta Gorda. The other Florida markets included on the list are Lakeland-Winter Haven and Daytona Beach.
Published: Friday, November 4, 2011 at 12:54 p.m.
Florida communities, including Sarasota-Bradenton and Charlotte County-North Port, dominated a list of the 10 cities that have seen the largest percentage increase in median list prices when comparing September with a year earlier.
The list from the National Association of Realtors speaks to the lack of available properties on the low end of the market; to the growing number of high-end owners getting off the fence and trying to sell; and perhaps to seller’s confidence about what they can get for their homes.
Sarasota-Bradenton was No. 4 on the ratings, culled from 4 million listings on more than 900 multiple listing services around the country. The median list price during September was $233,0000, 16.5 percent higher than a year ago.
Charlotte County-North Port was $169,000, up 14 percent from a year ago.
Other markets up in Florida include Fort Myers-Cape Coral, whose 34.5 percent increase put it at No. 1; Miami, with 25.6 percent increase at No. 2; Naples, at No. 3; Lakeland-Winter Haven, at No. 7; and Daytona Beach, at No. 9.
The other non-Florida communities were Shreveport-Bosier City, La.; Fort Wayne, Ind.; and Boise City, Idaho.
Nationally, the median list price has risen 1.6 percent to $190,000, the NAR reported.