Phoenix makes the list of top 10 'turnaround' housing markets

Western states continue to dominate, showing some of the fastest paces of recovery in the nation’s housing markets. With inventories falling, national median list prices increased 2.54 percent year-over-year during the third quarter, Realtor.com reprots. 

The site released its rankings of the top 10 turnaround towns, based on third quarter housing data of median list price increases, inventory levels, and employment rates. 

1. Oakland, Calif. 

2. Sacramento, Calif. 

3. San Jose, Calif.

4. San Francisco

5. Seattle-Bellevue-Everett, Wash.

6. Bakersfield, Calif.

7. Santa Barbara-Santa Maria-Lompoc, Calif.

8. Phoenix-Mesa, Ariz. 

9. Fresno, Calif.

10. Miami

View more information about what is making these housing markets some of the biggest turnaround housing markets in the nation at Realtor.com. 

Source: Realtor.com