U.S. Home Prices Enjoy 3.9 Percent Increase in Q1

According to the latest quarterly report by the National Association of Realtors, U.S. housing inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous 4th quarter of 2018. The national median existing single-family home price in the first quarter was $254,800, up 3.9% from the first quarter of 2018 ($245,300).
Single-family home prices increased in 86% of measured markets last quarter, with 153 of 178 metropolitan statistical areas1 showing sales price gains compared to the first quarter of a year ago. Thirteen metro areas (7%) experienced double-digit increases, down from 14 in 2018's fourth quarter.