Two West Coast Housing Markets Are the Hottest in the U.S.

The newly-released Standard & Poor’s/Case-Shiller Home Price Index shows that home prices in most major markets are seeing sustained growth, with west coast cities Seattle and Las Vegas leading the pack.

Las Vegas' prices jumped 10.6 percent from November 2016 to November 2017. Seattle has been a fast-growing market for months, and over the past year, the price of the average single-family home has gone up 12.7 percent, more than twice the national average of 6.21 percent. Per Fortune, many cities saw one-year increases in the 7 percent range, including Dallas, Denver, Tampa, Portland, Los Angeles, and San Diego.

That puts many cities at record levels—and certainly shows how far things have come since the depths of the recession in 2009. Since that time, home prices in San Francisco have increased 113 percent, according to Case-Shiller. Los Angeles has seen a nearly 70 percent increase, while Seattle is up 55 percent, and Dallas home prices have jumped 60 percent.

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