Asking prices for homes on real estate portal Trulia’s website were up 3.8 percent in November from a year ago, the largest year-over-year increase since the housing recession began, according to a monthly report from Trulia.
In addition to posting annual gains, asking prices showed strength going into the seasonal autumn slowdown in sales, with list prices for the three months ending in November up a non-seasonally adjusted 0.8 percent from the previous quarter, Trulia said.
The report, which covers for-sale and for-rent properties listed on Trulia through Nov. 30, showed that asking prices on for-sale homes posted annual gains in 76 of the 100 largest U.S. metro areas. When foreclosures were excluded from the equation, list prices were up 4.3 percent for the year.
Price gains, though significant overall, are more pronounced in some metros than others, the report noted. Many large metros fared better than smaller ones.