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Home-Price Gains Slowing in Some Markets

Liz Lichtenberger August 25, 2014 Industry News

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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About Liz Lichtenberger

Liz is the special projects editor for Hardware Retailing magazine. She reports on news and trends, visits retailers, and attends industry events. She graduated from Xavier University, where she earned a degree in English and Spanish and was a member of the swim team. Liz is a Louisville, Kentucky, native who lives in Indianapolis with her husband and two children. She enjoys swimming, reading, doing home improvement projects around her house and cheering on her two favorite basketball teams, the Kentucky Wildcats and the Xavier Musketeers.