2012 2^nd Quarter Top Turnaround Towns

Pheonix topped Realtor.com’s top turnaround towns list for the 2^nd straight quarter of 2012.  However, Boise ranked #4!!!  The list ranks 146 real estate markets by both current inventory and median list prices.  Median list prices in Phoenix, AZ were up 29.7% in the 2^nd quarter compared to the same quarter in 2011.  This is the most substantial increase in median list prices monitored by Realtor.com.  The greater Boise area saw a median price increase of 19.6 percent—WOW!

The housing market continues to mend and almost 70% of the markets studied saw median price increases which only 13% of the markets studied were still in a declining market.

Realtor.com’s Top Turnaround Towns for the 2^nd Quarter are:

• Phoenix-Mesa, Ariz.: +29.7 percent/-44.4 percent (% change in median list price/% change in inventory)
• Oakland, Calif.: +10.8 percent/-56.6 percent
• Miami: +19.4 percent/-33.2 percent
• Boise City, Idaho: +19.6 percent/-29.6 percent
• San Jose, Calif.: +12.0 percent/-40.8 percent
• Seattle-Bellevue-Everett, Wash.: +10.9 percent/-42.9 percent
• Bakersfield, Calif.: +7.6 percent/-49.3 percent
• San Francisco: +11.1 percent/-38.7 percent
• Fresno, Calif.: +6.7 percent/-48.7 percent
• Santa Barbara-Santa Maria-Lompoc, Calif.: +16.6 percent/-31.1 percent