In its latest Home Data Index[TM] (HDI) Market Report, Reno, Nevada-based Clear Capital found strong quarterly home-price gains around the country, with Seattle and Providence, Rhode Island, topping the list of highest-performing major metro markets based on quarterly gains. Both markets saw prices climb by 1.6 percent on a quarterly basis in the latest HDI report.
The HDI report released on March 7 also showed four markets with double-digit yearly price gains among the highest-performing markets. Those markets were Denver (+11.5 percent); Seattle (+11 percent); Tampa, Florida (+10.3 percent); and Miami (+10.1 percent).
Florida housing markets were well represented on the list of highest-performing metros ranked by quarterly gains. Four markets made the list based on data collected through February 2016. Those markets were: Tampa, Orlando, Miami and Jacksonville. California was also well represented, with three markets making the list. They were: Sacramento, San Francisco and San Diego.
The strong Florida market performance was notable because three of the state's markets on the list of highest performers had distressed saturation rates above 22 percent. Jacksonville's housing market had a distressed saturation rate of 27.8 percent, according to the HDI report. Tampa's distressed saturation rate was 24.8 percent, while Miami's rate was 22.7 percent.