Home Prices Up in 97% of Metro Areas

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.

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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

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