1. San Jose-Sunnyvale-Santa Clara, California — 18.7 percent
It is no surprise to see a California city top this list. Home prices in the Golden State are notoriously high, and always appear to be climbing. In fact, the NAR says four of the top five cities with the costliest housing are located in California.
The median existing single-family price in the San Jose market climbed just over a jaw-dropping $1.4 million in the second quarter.