“Single-family home prices are rising in most metros, and the most expensive real-estate markets in America have not been spared. However, some key markets have seen their prices fall.
Single-family existing-home sales prices rose by 4% compared to a year ago in almost 90% of all the metro areas the group measured in the fourth quarter, according to a new report by the National Association of Realtors.
Home-price growth has decelerated, reflecting the rise in mortgage rates and subsequent slowdown in sales. Last quarter, year-over-year price appreciation was 8.6%. The median single-family home price is $378,700.”