April asking prices up 8.5 percent from a year ago

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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.

Trulia Price Monitor_Line Chart_April2013[2]

Souce: Trulia