state of florida

1. St. Petersburg, Fla.

June 2016 Median List Price: $219,900

June 2015 Median List Price: $159,900

Year-Over-Year Change: 37.52%

Across Tampa Bay from Tampa, St. Petersburg has a housing market that’s blazing. The formula for the spike in home values is familiar: low inventory and high demand. But some of the details about the market are incredible.

The huge demand for cheap homes in downtown St. Petersburg and the surrounding area is pushing home prices up to and over their asking prices. In fact, 24 out of the 69 houses sold in the St. Petersburg zip code 33713 sold for their full listing price or more.

Keep Reading: 20 Quick Ways to Save for a New Home While Renting

Methodology: Using data from Zillow.com, GOBankingRates filtered median home listing prices by percentage change year-over-year, June 2015 to June 2016, from the highest percent change to lowest percent change of the 100 largest cities in the U.S. by population.

Source: TIME.COM

Whether you’re buying or selling a home, contact WeidnerLaw to represent you in your real estate transaction!

 

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