WASHINGTON (May 9, 2016) — An uptick in sales activity amidst meager supply levels upheld the trend of unwavering price gains in an overwhelming majority of metro areas during the first quarter of the year, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas¹ (MSAs) showing gains based on closed sales in the first quarter… Read More