The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors‘ latest quarterly report. Seventy percent of 185 measured metros experienced such price gains, up from 66% in the preceding quarter.
These increases come as median single-family existing-home prices rose at a faster rate nationally – 15.7% – from one year ago, up to $368,200. In comparison, the year-over-year pace in