San Diego is once again proving to be one of the hottest housing markets in the country, supported by new numbers out from Redfin. For the four-week period ending August 27, San Diego saw home prices surge 12.3 percent, landing third in the top three metros with the greatest gains in the U.S. last month.
Miami and Newark came in first and second place, with price gains up 17.1 percent and 16.1 percent, respectively.
According to Redfin, the median home-sale price rose 5 percent nationally year-over-year to $380,000, the biggest increase in 10 months. The median asking price of newly listed homes was $383,706, up 3.7 percent from a year earlier. That’s the biggest increase since November.
Home-sale prices declined in just six metros: Austin, Phoenix, Portland, Fort Worth, Las Vegas and San Antonio.