83 Percent of US Metro Areas Saw Home Prices Increase in First Quarter

Data show a slight decline from 89 percent in the previous quarter, with housing affordability also showing slight improvement.

A "For Sale" sign in front of a home in Arlington, Va., on Aug. 22, 2023. Andrew Caballero-Reynolds/AFP via Getty Images

Existing single-family home prices continued to rise in 189 out of 228 U.S. metro areas in the first quarter, with some areas reporting double-digit gains, according to the latest report from the National Association of Realtors (NAR).

The May 8 report shows home price gains in 83 percent of metro areas, a slight decline from 89 percent in the fourth quarter of 2024.