Home prices climbed to almost each of the highest markets of American housing “, but 10 cities were distinguished for the highest average sale prices of the country.
And 8 of these 10 meters gathered in California, confirming the reign of Golden State as a desirable hot housing place, according to the latest quarterly report by the National Association of Realtorsâ®.
Moreover, many of these markets saw home prices profits.
San Jose, CA, recorded the highest average sale price for a single house with a family in January to March, reaching a stunning $ 2.02 million, with 9.8% compared to a year of action.
In particular, San Jose made history last summer when it became the first American city to spend the average price of $ 2 million since NAR began tracking data in 1979.
Anaheim, Ca had the second highest price for a typical home, with $ 1.45 million, with 6.2% year by year, followed by San Francisco, at $ 1.32 million, which saw an annual rise of 1.5%.
Honolulu was the only non-Californi housing market that did it in the first five, at the average sale price there raising 7.3% from a year ago to $ 1.16 million, during the first quarter of 2025.
San Diego grabbed the number 5, at its average house price climbing $ 1.04, with 5.7% of a year’s action.
The cities in California of Salinas, San Luis Obispo and Oxnard appeared as the sixth, seventh and eighth housing markets, with just less than $ 1 million across the board, representing annual growth ranging from 2.5% to 6.2%.
The only entrance to the East Coast on the list, Napoli, FL, came to ninth, at its average price of 1.8% on a year -old raise home, to $ 865,000.
Despite being destroyed by deadly fires during the first few weeks of the New Year, Los Angeles without the typical home growth price of 4.8% year in the first quarter, reaching $ 862,000, and Landing Tinseltown in the list.
Lack of supply increases house prices
So why are the prices of houses in these 10 markets high? The short answer is that not enough new properties were being built to increase local inventory, resulting in an upward pressure on existing home shares.
“Very expensive pricing of houses reflect partly many years of home -producing in those subway markets,” says economist Lawrence Yun. “Another factor is the low level of homeownership in these areas, implying more uneven distribution of property.”
In other words, homeownership in cities like San Jose and San Francisco is out of reach of most residents, and house builders tend to belong to the rich group.
Affordable markets, such as those found in Midwest, are known to have better supply and higher levels of home ownership, according to Yun.
10 most expensive housing markets
1. San Jose, ca
Average home sales pricing: $ 2.02 million
Annual Growth: 9.8%
2. Anaheim, ca
Average home sales pricing: $ 1.45 million
Annual Growth: 6.2%
3. San Francisco, Ca
Average home sales pricing: $ 1.32 million
Annual Growth: 1.5%
4. Honolulu, Hello
Average home sales pricing: $ 1.16 million
Annual Growth: 7.3%
5. San Diego, ca
Average home sales pricing: $ 1.04 million
Annual Growth: 5.7%
6. Salinas, ca
Average home sales pricing: $ 954,700
Annual Growth: 6.2%
7. San Luis Obispo, ca
Average home sales pricing: $ 953,400
Annual Growth: 4.8%
8. Oxnard, ca
Average home sales pricing: $ 931,500
Annual Growth: 2.5%
9. Napoli, fl
Average home sales pricing: $ 865,000
Annual Growth: 1.8%
10. Los Angeles, Ca
Average home sales pricing: $ 862,600
Annual Growth: 4.8%
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