Daily Real Estate News | Tuesday, May 29, 2012

Prices of for-sale homes are on the rise in several metro areas. According to Realtor.com, which tracks 146 metro markets, the following areas have seen their median list prices increase the most from March to April:

1. Minneapolis-St. Paul, Minn.-Wis.

Monthly median list price increase: 7.90 percent

Median list price: $199,500

2. Santa Barbara-Santa Maria-Lompoc, Calif.

Monthly median list price increase: 7.07 percent

Median list price: $545,000

3. Detroit

Monthly median list price increase: 4.66 percent

Median list price: $89,900

4. San Francisco

Monthly median list price increase: 4.62 percent

Median list price: $679,000

5. Seattle-Bellevue-Everett, Wash.

Monthly median list price increase: 4.46 percent

Median list price: $328,950

6. Boise City, Idaho

Monthly median list price increase: 4.40 percent

Median list price: $162,374

7. Trenton, N.J.

Monthly median list price increase: 4.26 percent

Median list price: $259,450

8. Boulder-Longmont, Colo.

Monthly median list price increase: 4.20 percent

Median list price: $375,000

9. Orange County, Calif.

Monthly median list price increase: 4.19 percent

Median list price: $448,000

10. Colorado Springs, Colo.

Monthly median list price increase: 4.09 percent

Median list price: $229,000

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News