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Median list prices in May edged up 2.10 percent month-over-month, as housing inventories also were on the , creating a greater balance between supply and demand, according to realtor.com’s latest Health Report.

The nationwide median list was $199,000 for May, and up 4.79 percent year-over-year.

“We are seeing large regional markets across the country leading the way to national . These regions are acting as a microcosm for what’s slowly happening in the larger real estate ,” says , chief executive officer of Move. “Overall, we’re seeing confidence beginning to respond to consumer demand. Nationally, there are more homes going on the for a shorter amount of time.  And this is happening in our hot markets on a much larger scale.”

California housing markets are seeing some of the highest median price gains. The following 10 markets have seen the highest year-over-year list price gains:

1. Sacramento, Calif.: up 42.45%

  • Median list price: $284,900

2. Oakland, Calif.: up 38.27%

  • Median list price: $495,000

3. , Mich.: up 31.73%

  • Median list price: $125,000

4. San Jose, Calif.: up 30.58%

  • Median list price: $679,000

5. -Long Beach, Calif.: up 27.80%

  • Median list price: $428,000

6. Fresno, Calif.: up 27.48%

  • Median list price: $219,900

7. Phoenix-Mesa, Ariz.: up 27.03%

  • Median list price: $235,000

8. Stockton-Lodi, Calif.: up 25.63%

  • Median list price: $199,750

9. Reno, Nev.: up 24.23%

  • Median list price: $235,900

10. Santa Barbara-Santa Maria-Lompoc, Calif.: up 24%

  • Median list price: $775,000

Source:  http://realtormag.realtor.org/daily-/2013/06/17/where-asking-prices-are-rising-most

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