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Price Growth In The Nation’s Metros Continues To Slow

Price Growth In The Nation’s Metros Continues To Slow



The median existing single-family home price in the nation’s major metropolitan areas rose 3.9 percent year-over-year in the first quarter of 2019, to $254,800, according to the latest data from the National Association of Realtors (NAR).

The increase is slightly less than the previous quarter’s 4 percent year-over-year increase, according to the new data, released Tuesday.

Prices rose in 86 percent of the metropolitan areas NAR tracks, with 13 metro areas experiencing double-digit increases.

“Homeowners in the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth,” NAR Chief Economist Lawrence Yun said in a statement. “A typical homeowner accumulated $9,500 in wealth over the past year.”

Developing…





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