Metro Home Prices Maintain Steadfast Growth in First Quarter

Metro Home Prices Maintain Steadfast Growth in First Quarter

The median existing single-family home price increased in 87% of measured markets, with 154 out of 178 metropolitan statistical areas (MSAs) showing gains based on closed sales in the first quarter compared with the first quarter of 2015. Twenty-four areas (13%) recorded lower median prices from a year earlier. There were more rising markets in the first quarter compared to the fourth quarter of 2015, when price gains were recorded in 81% of metro areas.