20 cities where real estate prices are skyrocketing
The pricing policy of real estate is influenced by many factors: a thriving business climate, internal migration of the population, supply and demand for real estate. Given these factors, the real estate site GoBankingRates.com studied 100 of the most populous cities in the USA and identified among them 20, where prices are rising the fastest.
20. St. Petersburg, FL
Average house price in June 2017: $ 249 900
Average house price in June 2016: $ 219 500
Price increase for the year: 13.85%
19. Garland, TX
Average house price in June 2017: $ 203 950
Average house price in June 2016: $ 178 000
Price increase for the year: 14.58%
18. Kansas City, Missouri
Average house price in June 2017: $ 195 000
Average house price in June 2016: $ 169 900
Price increase for the year: 14.77%
17. Las Vegas, Nevada
Average house price in June 2017: $ 269 900
Average house price in June 2016: $ 234 900
Price increase for the year: 14.9%
16. Lexington, Kentucky
Average house price in June 2017: $ 246 162
Average house price in June 2016: $ 213 000
Price increase for the year: 15.57%
15. Orlando, FL
Average house price in June 2017: $ 264 900
Average house price in June 2016: $ 229 000
Price increase for the year: 15.68%
14. Omaha, Nebraska
Average house price in June 2017: $ 226 000
Average house price in June 2016: $ 195 000
Price increase for the year: 15.9%
13. Lincoln, Nebraska
Average house price in June 2017: $ 219 900
Average house price in June 2016: $ 189 000
Price increase for the year: 16.35%
12. Cleveland Ohio
Average house price in June 2017: $ 69 900
Average house price in June 2016: $ 59 900
Price increase for the year: 16.69%
11. North Las Vegas, Nevada
Average house price in June 2017: $ 227 845
Average house price in June 2016: $ 195 000
Price increase for the year: 16.84%
10. Indianapolis, Indiana
Average house price in June 2017: $ 145 950
Average house price in June 2016: $ 124 900
Price increase for the year: 16.85%
9. Fort Wayne, Indiana
Average house price in June 2017: $ 145 000
Average house price in June 2016: $ 123 900
Price increase for the year: 17.03%
8. Minneapolis, MN
Average house price in June 2017: $ 269 900
Average house price in June 2016: $ 230 000
Price increase for the year: 17.35%
7. Seattle, WA
Average house price in June 2017: $ 675 000
Average house price in June 2016: $ 575 000
Price increase for the year: 17.39%
6. New York, NY
Average house price in June 2017: $ 825 000
Average house price in June 2016: $ 700 000
Price increase for the year: 17.86%
5. Knoxville, Tennessee
Average house price in June 2017: $ 198 900
Average house price in June 2016: $ 167 000
Price increase for the year: 19.1%
4. Cincinnati, Ohio
Average house price in June 2017: $ 180 000
Average house price in June 2016: $ 149 250
Price increase for the year: 20.6%
3. Pensacola, FL
Average house price in June 2017: $ 188 650
Average house price in June 2016: $ 155 900
Price increase for the year: 21.01%
2. Atlanta, GA
Average house price in June 2017: $ 335 000
Average house price in June 2016: $ 269 000
Price increase for the year: 24.54%
1. Buffalo, NY
Average house price in June 2017: $ 84 900
Average house price in June 2016: $ 63 000
Price increase for the year: 34.76%.
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