FSBO site Owners.com recently released a ranking of price appreciation in the top 25 US MSAs, and Florida dominates the top ten slots on that list. The Miami metro takes third place on the list, with price increases of 11 percent.
- Owners.com produced a list of the top 25 metros for late summer housing price appreciation.
- Florida metro are three of the top 10 metros on the list.
- All but one of the metros showed double-digit price appreciation year-over-year.
FSBO site Owners.com recently released a ranking of price appreciation in the top 25 U.S. MSAs, and Florida dominates the top 10 slots on that list.
The Miami metro takes third place on the list, with price increases of 11 percent. Miami follows closely behind the Orlando metro, which clocked in with an increase of 11.6 percent.
But for sheer numbers, the Miami metro clocked more sales than any other, at more than 10,400 units. That’s by far the greatest in the top 10 spots on the list, and eclipsed only by Los Angeles at number 11, with more than 10,700 sales.
Tops on the list was Denver, only a sliver higher, at 11.9 percent price appreciation.
For the curious: The other Florida metro in the top 10 on the list was Tampa, squarely in 10th place.
The rankings were set based on comparing home prices from August-September 2014 to August-September 2015. The home sales tallied were three-bedroom, single-family properties. Only homes priced at $50,000 or greater were included in the transaction volume data set.
The list as a whole shows that it’s the mid-sized cities that saw the greatest increases in the time period reviewed. The New York City MSA, for example, saw reductions in the the same time period in that type of benchmark home, hitting a skid that totaled 6.7 percent.
“This data suggests that secondary markets such as Orlando and Denver have benefited greatly from the overall housing recovery with price gains significantly above larger markets,” said Steve Udelson, president of the Owners.com business, in statement. “With the spring real estate season around the corner, consumers who are planning to be in the market next year will want to keep an eye on these markets to make savvy buying or selling decisions.”
The list shows that end-of-summer growth in many markets in year-over-year comparisons remains strong, with most on the list posting double-digit gains in numbers of sales. The New York metro shows the only price dip, and a transaction volume of less than 10 percent.