close_menu
Latest News

KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market

Real Estate

Seattle among nation's Top 5 'turnaround' markets

With a housing market on the mend in many areas, some cities - including Seattle - are experiencing big increases in home prices.

"What a difference a year makes," said Jed Kolko, Trulia's chief economist. "In 2012, prices rose in 82 of the 100 largest metros, compared with just 12 metros seeing price increases in 2011. The 2012 price turnaround was strongest in the West and Southwest, where steady job growth and vanishing inventories lifted home prices by more than 10 percent in many markets."

The following are the five best "turnaround" housing markets in the real estate recovery, including sales volume and the year-over-year change in asking prices, according to Trulia's research. The percentages below are price changes from December 2011 to December 2012.

  • Las Vegas - 16.3 percent
  • Seattle - 10.2 percent
  • Phoenix - 26 percent
  • Oakland -12.7 percent
  • San Jose - 16.1 percent

Hear Real Estate Today on KIRO Radio

  • Hear Real Estate Today on KIRO RadioJoin Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Comments

comments powered by Disqus
close_menu
Latest News