Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®.
The median existing single-family home price increased in 71 percent of measured markets1, with 122 out of 173 metropolitan statistical areas2 (MSAs) showing gains based on closings in the second quarter compared with the second quarter of 2013. Forty-seven areas (27 percent) recorded lower median prices from a year earlier.
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