Home Prices in the U.S. Climb at Slower Pace as Inventory Rises

U.S. home prices rose at a slower rate in the first quarter as more owners listed their properties for sale, according to the National Association of Realtors.

The median price for a previously owned single-family house increased 3.9% from a year earlier to $254,800, the Realtors group said in a report Tuesday. Prices rose in 153 of 178 metropolitan areas measured. Thirteen regions had price increases of 10% or more, down from 14 in the fourth quarter.