5 best markets

Cape Coral-Fort Myers, Fla.
Grand Rapids, Mich.
Palm Bay-Melbourne-Titusville, Fla.
Erie, Pa.
Tampa-St. Petersburg-Clearwater

Source: NAR, comparing Q1 2012 to Q1 2011.

Home values rose in about one-half of housing markets from the first quarter of 2011 to the same period of 2012. See five hot markets where prices went up fastest.