Which markets saw the highest annual house price gains in Q1?

“Traditionally, homes in these markets were viewed as relatively inexpensive, but with recent migration trends, prices have increased significantly,” Yun said. “As more families relocate to various areas, we may see some surprising markets on our top 10 list.”

Meanwhile, the top 10 locations with the most expensive markets aren’t so surprising, with half of them in California: San Jose-Sunnyvale-Sta. Clara ($1,875,000), San Francisco-Oakland-Hayward ($1,380,000), Anaheim-Sta. Ana-Irvine ($1,260,000), Urban Honolulu ($1,127,900), San Diego-Carlsbad ($905,000), Boulder ($859,100), Los Angeles-Long Beach-Glendale ($792,500), Seattle-Tacoma-Bellevue ($746,200), Naples-Immokalee-Marco Island ($745,000) and Denver-Aurora-Lakewood ($662,200).