Biggest Housing Price Gains
When it comes to a housing rebound, obviously the ones at the top aren’t likely to see the biggest gains even if they are the most stable. That’s why the list of largest media price gains, according to the National Association of Realtors, is concentrated on the hard-hit state of Florida.
Cape Coral-Fort Myers, Fla., is on the top of the list with a red-hot 28.1% gain from Q1 of 2011 to Q2 of 2012. This is in line with year-over-year housing data from Clear Capital that puts the Miami metro area near the top of the list of fastest-growing housing markets for June (by listing price). The median price for the region was $117,600.
2. Grand Rapids, Mich.: 19.0% year-over-year growth (median price of $96,500)
3. Palm Bay-Melbourne-Titusville, Fla.: 16.9% year-over-year growth (median price of $104,600)
4. Erie, Pa.: 16.6% year-over-year growth (median price of $110,200)
5. Tampa-St. Petersburg-Clearwater, Fla.: 16.1% year-over-year growth (median price of $131,900)