7 Metros with Largest Median Price Gains

Several metro areas are seeing home prices rebounding in the last year. According to Realtor.com data of 146 housing markets in April, the following markets have seen the largest increases in median list prices year-over-year: 1. Phoenix-Mesa, Ariz. o Year-over-year increase (April 2012 to April 2011): 25.01% o Median list price: $184,900

2. Miami o Year-over-year increase: 15.06% o Median list price: $275,000

3. Boise City, Idaho o Year-over-year increase: 12.05% o Median list price: $162,374

4. Washington, D.C.-Md.-Va.-W.Va. o Year-over-year increase: 9.76% o Median list price: $279,888

5. Santa Barbara-Santa Maria-Lompoc, Calif. o Year-over-year increase: 9.38% o Median list price: $545,000

6. Portland-Vancouver, Ore.-Wash. o Year-over-year increase: 8.84% o Median list price: $244,900

7. Minneapolis-St. Paul, Minn.-Wis. o Year-over-year increase: 7.01% o Median list price: $199,500

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News, Monday June 04, 2012