April asking prices up 8.5 percent from a year ago

Asking prices for homes listed for sale on real estate marketplace Trulia’s website rose 8.5 percent and were up in 95 of the 100 largest U.S. metros in April from a year ago, according to a monthly report from Trulia released today. For the month, asking prices were up 1.3 percent in April.

Trulia attributes the 18-plus percent year-over-year asking price increase in markets like San Jose, Orange County, San Francisco and Phoenix to their annual increase in jobs. “Although some of the home-price growth is a bounce back from the housing bust, job growth is boosting housing demand and lifting home prices,” said Jed Kolko, Trulia’s chief economist in a statement.

Souce: Trulia