National asking home prices have risen 7.0 percent year-over-year since bottoming out last February, Trulia revealed in its February Price Monitor Report.
Seasonally adjusted, asking prices increased about 1.4 percent from January and 3.0 percent quarter-over-quarter, marking two post-recession highs.
Nationally, inventory fell 23 percent year-over-year in February, according to data provided from Department of Numbers. Inventory fell year-over-year in all of the 50-plus markets tracked, dropping more than 50 percent in several California metros. Trulia noted that nearly all of the metros with the biggest inventory declines also had year-over-year price increases in the double-digits, Read more ...
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