Asking prices of homes listed for sale on real estate portal Trulia.com in February were up from a year ago in 90 of the 100 largest U.S. metros, according to a monthly report from Trulia released today.

The report, which covers roughly 4.5 million for-sale and for-rent properties listed on Trulia through Feb. 28, showed asking prices up 7 percent from a year ago, and growing by a seasonally adjusted 1.4 percent from January to February — the biggest month-over-month gain since the housing recession began.

Asking prices of homes listed for sale on real estate portal Trulia.com in February were up from a year ago in 90 of the 100 largest U.S. metros, according to a monthly report from Trulia released today.

The report, which covers roughly 4.5 million for-sale and for-rent properties listed on Trulia through Feb. 28, showed asking prices up 7 percent from a year ago, and growing by a seasonally adjusted 1.4 percent from January to February — the biggest month-over-month gain since the housing recession began.

February 2013 Trulia asking price summary

Time period Change in asking prices Change in asking prices, excluding foreclosures No. of 100 largest metros with list-price increases
Month-over-month 1.4% 1.6% (N/A)
Quarter-over-quarter 3.0% 3.5% 92
Year-over-year 7.0% 7.4% 90

Source: Trulia. Monthly and quarterly increases are seasonally adjusted.

Despite these asking price increases, inventory will remain tight throughout 2013, said Trulia’s chief economist, Jed Kolko.

"The inventory turnaround depends not only on how fast prices are rising today, but also whether prices have been rising long enough to encourage homeowners to sell and builders to build," Kolko said in a statement.

As the spring homebuying season begins, Kolko said "buyers face a dilemma between buying now, before prices rise even more, or later this year, when they’ll have more inventory to choose from."

While asking prices are going up, rent prices are slowing their increase, the report showed, increasing 3.2 percent from a year ago, down from November’s year-over-year mark of 5.4 percent.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription