Asking prices rose 1.4 percent nationally in March compared with the previous quarter, according to Truliaâ€™s Price Monitor.Â On a month-over-month comparison, asking prices increased 0.9 percent in March and 0.6 percent in February.
Throughout 2011, asking prices rose slightly in several months of the year, but never more than 0.2 percent in a month. Asking prices in March were 0.7 percent below their level one year earlier.
Asking rents rose over the past year in almost all large metro areas included in the Trulia Rent Monitor. In the largest metros, rents rose 6.2 percentÂ . Meanwhile, rental affordability declined in places where rents rose while prices fell, most notably in San Francisco (rents up 11.1 percent).
OurÂ regional market reflected similar conditions.Â More information at: www.sierraproperties.com