#3: Las Vegas
YOY Increase: 17.6%
Prices just keep on climbing in Vegas as well. The city’s 17.6% year-over-year increase in home prices was 2.3 percentage points better than January’s climb.
Things moved up month-over-month as well, with prices gaining 1.6% from January to February, as they did from December to January.
As is true in many locales, though, institutional investors have been biggest drivers of prices while “more traditional buyers and sellers are sitting out of the market,” according to Business Insider.
In fact, Robert Shiller himself said that Las Vegas is “starting to come up with some exuberance,” referring to it as one of the most “dramatic places.”