Real Estate

Pro Teck: Home prices up 9.02% annually in February

Here are the top 10 CBSAs with the largest percent increase

The average home selling price increased 9.02% annually in February 2016, a new report from Pro Teck discovered after comparing over 200 core-based statistical areas.

February also had a 12.35% increase in number of sales, and a 12.48% decrease in months of remaining inventory. The signs show a sellers market as the home buying season continues to approach.

The ten CBSAs with the highest annual sales price increase (minimum of 700 monthly sales) include:

10. Nashville-Davidson-Murfreesboro-Franklin, Tennessee: 13.64%

Tenn

9. Mobile, Alabama: 13.64% 

8. Salem, Oregon: 15%

7. Naples-Immokalee-Marco Island, Florida: 15.26%.

6. Port St. Lucie, Florida: 15.99%.

5. San Francisco-Redwood City-South San Francisco, California: 16.78%.

Bridge

4. Durham-Chapel Hill, North Carolina: 16.83%.

3. Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina: 18.13%

2. Palm Bay-Melbourne-Titusville, Florida: 21.48%.

1. Cape Coral-Fort Myers, Florida: 23.08%.

Most Popular Articles

Latest Articles

2024 is not the year to cut corners on staging — here’s why 

With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please