U.S. Home Prices Climbed in 96% of Cities in the First Quarter

Row houses line streets in Capitol Hill in this aerial photograph taken above Washington, D.C.Photographer: Al Drago/Bloomberg

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By Prashant Gopal

May 12, 2020 at 2:12 PM UTC

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U.S. home prices continued climbing in the first quarter, before the impact of the pandemic’s economic shutdown took hold.

The median price for a previously owned single-family house was $274,600, up 7.7% from a year earlier, the National Association of Realtors said in a report Tuesday. Prices rose in 96% of the 181 metropolitan areas measured.