Redfin: US Metros By No. of Homes That Have Sold $100,000+ Above Asking Price This Year

[Duderino]

Originally Posted by Gaylord_Focker

I hope you're not referring to me as 8 of the top 10 are in Florida, an area I won't live in.

No, definitely not directed at you, and I appreciate you sharing the link.

It was a general statement about a statistic that is often misunderstood--that is, that such massive increases in prices in a short amount of time signals a very troubling imbalance.

[4everMissouri]

I was surprised KC and Philly were on here.

[elchevere]

According to Case Shiller, Miami did have the 3rd highest percent price increase of homes sold for 2021, trailing only Phoenix and Tampa:

https://www.spglobal.com/spdji/en/do...lease-0222.pdf

This trend has continued into 2022 with Phoenix, Tampa and Miami, again, leading the way:

https://www.cnbc.com/amp/2022/04/26/...e-shiller.html

Originally Posted by Gaylord_Focker

Miami isn't quite as high as one would think.

[btownboss4]

Originally Posted by 18Montclair

It's actually not arbitrary, some large metro areas are subdivided into metro "divisions"

FYI, here is the Metro Division Populations for 2020 from bea.gov

Metro Division, 2020 Population:
New York-Jersey City-White Plains, NY-NJ 11,746,214
Los Angeles-Long Beach-Glendale, CA 9,943,046
Chicago-Naperville-Evanston, IL 7,071,372
Dallas-Plano-Irving, TX 5,171,934
Washington-Arlington-Alexandria, DC-VA-MD-WV 5,007,652
Anaheim-Santa Ana-Irvine, CA 3,166,857
Seattle-Bellevue-Kent, WA 3,104,708
Nassau County-Suffolk County, NY 2,825,607
Oakland-Berkeley-Livermore, CA 2,814,656
Miami-Miami Beach-Kendall, FL 2,707,303
Warren-Troy-Farmington Hills, MI 2,563,513
Fort Worth-Arlington-Grapevine, TX 2,522,204
Cambridge-Newton-Framingham, MA 2,400,642
New Brunswick-Lakewood, NJ 2,384,685
Newark, NJ-PA 2,167,853
Philadelphia, PA 2,145,240
Boston, MA 2,034,729
Montgomery County-Bucks County-Chester County, PA 1,988,615
Fort Lauderdale-Pompano Beach-Sunrise, FL 1,958,105
Detroit-Dearborn-Livonia, MI 1,740,623
San Francisco-San Mateo-Redwood City, CA 1,624,914
West Palm Beach-Boca Raton-Boynton Beach, FL 1,507,600
Frederick-Gaithersburg-Rockville, MD 1,316,973
Camden, NJ 1,246,650
Tacoma-Lakewood, WA 913,890
Lake County-Kenosha County, IL-WI 863,264
Elgin, IL 766,139
Wilmington, DE-MD-NJ 727,401
Gary, IN 705,863
Rockingham County-Strafford County, NH 442,840
San Rafael, CA 257,332

How was Cambridge not on that list? Most of Boston’s really ritzy suburbs, Weston, Sudbury, Lincoln, Concord, Wayland, Acton, Lexington, Newton, Winchester, Natick, are all in Cambridge’s metro division

While the Boston metro division has Neddhsm, Dover, Sharon, Hingham and that’s pretty much it.