Home prices on real estate portal Trulia’s website were up 2.5 percent in September from a year ago, the largest year-over-year increase since the housing recession began, according to a monthly report from Trulia.

The increase portends that 2012 will likely see the first calendar-year list price increase since 2006, said Jed Kolko, Trulia’s chief economist.

Home prices on real estate portal Trulia’s website were up 2.5 percent in September from a year ago, the largest year-over-year increase since the housing recession began, according to a monthly report from Trulia.

The increase portends that 2012 will likely see the first calendar-year list price increase since 2006, said Jed Kolko, Trulia’s chief economist.

The report, which covers for-sale and for-rent properties listed on Trulia through Sept. 30, showed that asking prices on for-sell homes posted annual gains in 74 of the 100 largest U.S. metro areas. 

September 2012 Trulia list price summary

Time period Change in list prices Change in list prices, excluding foreclosures No. of 100 largest metros with list-price increases
month-over-month, seasonally adjusted 0.5% 0.6% (N/A)
quarter-over-quarter, seasonally adjusted 1.6% 1.9% 86
year-over-year 2.5% 3.5% 74

Source: Trulia

And, the report showed, list prices of homes for sale on the site rose 0.5 percent from July to August, the eighth straight month of gains.


Jed Kolko

When foreclosures were excluded, asking prices were up 3.5 percent nationwide from a year ago, the report noted.

"Right now, prices are recovering across the country, with few local markets left behind," Kolko said.

Asking rents were up, too, jumping 4.8 percent from a year ago in September.

As was the case last month, growth in asking rents outpaced annual list price increases, the report said.

Metros* with largest increases in asking rent, September 2012

Rank Metro Change in asking rents from a year ago
1 Houston 15.9%
2 Miami 10.4%
3 Seattle 9.6%
4 Oakland, Calif. 9.2%
5 Denver 9.0%
6 Philadelphia 8.3%
7 San Francisco 7.2%
8 Chicago 7.0%
9 Boston 6.7%
10 Minneapolis-St. Paul, Minn.-Wisc. 6.0%

Source: Trulia

*Among the 25 largest rental markets

Asking prices have also risen on an annual basis in some key U.S. Presidential election "swing" states, which may have an effect on how those states’ all-important voters view President Obama’s record on housing, the report noted.

Asking-price changes in swing states

Swing state* Year-over-year change in asking prices, Sept. 2012
Nevada 7.0%
Florida 6.9%
Colorado 5.5%
Iowa 3.2%
Missouri 2.4%
Virginia 0.4%
North Carolina -0.8%

Source: Trulia

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
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
×