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Home-Price Gains Quicken Across the U.S.

U.S. Pending Home Sales Rose in October by Most in Eight Months

Photographer: Daniel Acker/Bloomberg

Home prices climbed in 91 percent of U.S. metropolitan areas in the first quarter, with gains accelerating nationwide as buyers competed for a tight supply of listings, the National Association of Realtors said.

The median price of an existing single-family home rose from a year earlier in 162 of the 178 areas measured, the group said in a report Monday. The national median was $245,500, which is up 5.7 percent from the first quarter of 2017. The number of regions with double-digit gains jumped to 30 percent from 15 percent in the fourth quarter.