Home prices rising nationally

In 110, of 146 major markets, home prices increased in the first quarter of 2012. The median price increased 7.3%. The national median existing single family home price was $181,500. On June 30, there were 2.39 million homes for sale nationally, down 24% from a year ago.  Distressed home sales accounted for 26% of second quarter volume, down 33% from a year ago.