U.S. Home-Price Gains Cool in Another Sign of Market's Slowdown
- Prices climbed 5.3% in second quarter to a median of $269,000
- Fewer regions across the country have double-digit gains
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U.S. home-price gains slowed nationwide in the second quarter as sales slipped and an increase in listings gave buyers more choices, the National Association of Realtors said.
The national median price of an existing single-family home was $269,000, which is up 5.3 percent from the second quarter of 2017, the group said in a report Wednesday. The pace slowed from the first quarter, when prices climbed 5.7 percent. Prices climbed in 161 of 178 metropolitan areas measured, with 13 percent of regions having double-digit gains, down from 30 percent in the previous three months.