Increase in Kern’s Housing Asking Prices 6th Highest in U.S.
Increase in Kern's Housing Asking Prices 6th Highest in U.S.
May 9, 2013
Asking prices for housing in Kern County increased 19% year-over-year in March, according to findings released Tuesday. Kern's increase was the sixth highest rate among the nation's 100 largest metro areas.
The Trulia Price Monitor and Trulia Rent Monitor take into account changes in the mix of listed homes and reflect trends in prices and rents for similar homes in similar neighborhoods through April 30, 2013.
According to Trulia, "Strong job growth and the housing recovery go hand-in-hand. Nationally, job growth increased 1.5 percent Y-o-Y in March. In San Jose, Orange County, San Francisco, and Phoenix– where asking prices rose more than 18 percent Y-o-Y – job growth was well above the national average."
The top ten metro areas where asking prices increased the most are listed below; the Bakersfield metro area includes all of Kern County.
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Top 10 Metros Where Asking Prices Increased Most |
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U.S. Metro |
Y-o-Y% change |
Y-o-Y% change in |
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Las Vegas, NV |
28.5% |
2.0% |
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Oakland, CA |
26.3% |
2.2% |
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Sacramento, CA |
25.6% |
1.7% |
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Phoenix, AZ |
23.3% |
2.3% |
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San Jose, CA |
22.9% |
3.2% |
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Bakersfield, CA |
19.0% |
2.0% |
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Orange County, CA |
18.6% |
2.4% |
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San Francisco, CA |
18.1% |
3.4% |
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Riverside-San Bernardino, CA |
18.1% |
2.1% |
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Warren-Troy-Farmington Hills, MI |
18.0% |
0.3% |
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Among 100 largest metros. Job growth through March 2013, from U.S. Bureau of Labor Statistics
For more information: http://www.businesswire.com/news/home/20130507005649/en/Trulia-Reports-Strong-Job-Growth-Boosting-Prices
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