Asking prices for homes on the market logged their largest monthly gain in January 2014 since June, according to the Trulia Price Monitor.
In January, asking prices rose 1.1% from the previous month, says a recent Trulia Trends post. Excluding foreclosures, the monthly change in asking prices dipped to 0.8%.
However, a 2.1% quarter-over-quarter price increase falls beneath Spring 2013 levels, when asking prices accelerated at their fastest rate in the housing market recovery.
On an annual basis, asking prices rose 11.4% nationally, with positive trends in 97 of the 100 largest metros.
The Trulia Price Monitor is a leading indicator of how asking prices are trending, both nationally and locally. The monitor adjusts as the mix of listed homes change for an up-to-date indicator of where asking prices are—and where sale prices are headed.
Written by Alyssa Gerace