Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

Published Monday, May 14, 2018
by Jane Dollinger

WASHINGTON (May 14, 2018) – Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors®.

The national median existing single-family home price in the first quarter was $245,500, which is up 5.7 percent from the first quarter of 2017 ($232,200). The median sales price during the fourth quarter of 2017 climbed 5.3 percent from the fourth quarter of 2016.