Median home prices continued to increase in the first quarter, rising the most annually in more than seven years, the National Association of Realtors said.In 133 out of 150 metropolitan statistical areas surveyed, the median existing single-family home price increased year-over-year when studying closings from the first quarter. Only 17 metros saw prices decline.
In the fourth quarter of 2012, a comparable 133 areas saw an annual increase, which was a great improvement from the first quarter of 2012, when prices were only higher in 74 metros.
Read more: Median home prices continue upward trend | HousingWire
