#9: San Diego
YOY Increase: 10.2%
Next up, we have San Diego — another city enjoying its first month of double-digit YOY growth. The one-year gain in home prices there was 10.2%, slightly better than the month before.
Things got better month-to-month as well, with prices improving 0.6% after declining the same amount from December to January.
The good news doesn’t end there. According to Erik Bruvold of the National University System Institute for Policy Research, the uptick in home prices is right in line with job growth — something that doesn’t hold true for many other cities on the list.
“San Diego’s housing prices have increased about 10 percent,” he said. “That puts us about ninth in all metro areas. If you look at employment growth during the same period of time, that puts us about eighth, so there’s a decent alignment there.”
It also makes San Diego the third most expensive market in the nation.