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By Prashant Gopal
Around the country there have been signs of a bottom in the real estate market as sales finally begin to pick up. While prices remain well below the market's high and many homes still languish, in some Zip Codes listing prices are actually on the rise. BusinessWeek, in conjunction with Altos Research, looked at the nation's biggest metros to see where prices are up. For the most part, these were in affluent communities, such as Houston's River Oaks neighborhood, which came in No. 1, that have been less hurt by the economic downturn. To see the other Zip Codes with the biggest home price gains in the biggest metros, read on.
Editor's Note: One Zip Code was chosen for each metro area. The ranking was based on the annual increase in the average listing price for the chosen Zips. The asking price is based on a 90-day rolling median average ending Mar. 20. The "days on the market" figure indicates how long the average listing has been for sale.
Source: Altos Research
Business Exchange related topics:
Luxury Real Estate