San Jose, CA topped the nation with the highest year over year price growth of 26.2% with a median home sales price of $1.21 million, according to a recent study released by Redfin. The same study concluded Denver, CO experienced the quickest change from new listing to pending sale with an average of just 6 days.
It doesn’t appear the steady rise of interest rates this year has affect the housing market. The biggest impediment to the housing market still appears to be the lack of inventory and new construction.
The Top 10 Cities with the Largest price gains (year over year) include:
- San Jose, CA 26.2%
- Las Vegas, NV – 17.0%
- Detroit, MI – 21.2%
- Tacoma, WA – 13.4%
- San Francisco, CA – 13.2%
- New Orleans, LA – 13.4%
- Philadelphia, PA – 12.7%
- Cincinnati, OH – 12.5%
- Rochester, NY – 11.5%
- Tampa, FL – 11.3%
_______________________________________
About TaliMar Financial
TaliMar Financial is a California Hard Money Lender that specializes in funding residential and commercial Fix & Flip, Construction, and Bridge Loans. As a private lender, TaliMar offers an aggressive lending platform for borrowers and real estate professionals.
Contact TaliMar Financial today at (858) 613-0111 x1 or visit our website at talimarfinancial.com to learn more about our hard money lending programs. TaliMar Financial is based in San Diego, CA and has been funding hard money loans since 2008.
