Asking Price in 10 Cities

Median list prices are up 7.57 percent over the last year, according to a report from realtor.com, which reflects October data for 146 metro markets. 

“Monthly prices fell slightly in October (down 0.25 percent month-over-month), but remained resilient against the usual seasonal patterns of stabilizing inventory,” realtor.com noted in its report. 

Detroit has seen the largest year-over-year increase, with median asking prices rising 44 percent in the past year. Eighty-five percent of the 146 markets that realtor.com tracks reported year-over-year increases. The following metros recorded the highest list price increases in the past year (October 2012 compared to October 2013): 

1. Detroit: +44.33%
   • Median list price: $129,900
2. Stockton-Lodi, Calif.: +40.80%
   • Median list price: $245,000
3. Santa Barbara-Santa Maria-Lompoc, Calif.: +33.39%
   • Median list price: $799,000
4. Reno, Nev.: +29.29%
   • Median list price: $258,577
5. Melbourne-Titusville-Palm Bay, Fla.: +27.78%
   • Median list price: $165,990
6. Fresno, Calif.: +24.34%
   • Median list price: $229,900
7. Las Vegas, Nev.-Ariz.: +24.33%
   • Median list price: $164,999
8. Oakland, Calif.: +24.27%
   • Median list price: $475,000
9. Phoenix-Mesa, Ariz.: +22%
   • Median list price: $237,900
10. San Diego: +21.92%
    • Median list price: $449,900

Only 19 markets posted price declines, led by Akron, Ohio, which posted a 7.93 percent year-over-year loss, and South Bend, Ind., with a 7.79 percent decrease in median asking prices.