The West Coast continued to dominate the top housing markets across the country in terms of property values, according to the most recent Home Value Forecast offered by Pro Teck Valuation Services.
Bellingham, Wash., returned to the top of the list of the best-performing metropolitan areas based on home values, Pro Teck reported in a news release. In total, California and Washington had a total of seven cities make the top-ten list.
Other stand-out cities included Boise, Idaho, Phoenix and San Antonio.
The ten worst-performing cities were more spread out, with Huntsville, Ala., coming in last.
Additionally, Pro Teck reported that the months of remaining housing inventory fell 12% year-over-year, to 6.11 months. Still, Pro Teck warned against using a national figure like that in assessing the health of a specific market.
"Home Value Forecast believes all real estate is local and that national numbers mean little when you are buying or selling in a particular market," said Tom O'Grady, chief executive of Pro Teck Valuation Services, in a news release. "Although the national trend seems promising, it's important to evaluate fundamentals at the metro level."
O'Grady noted that while the worst-performing markets tended to have higher MRI figures, even beyond 10 months, the best markets saw MRI figures as low as 4 months and below.
