Home-price increases slow in most U.S. cities

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Home-price gains moderated in most of the U.S. in the second quarter, with appreciation reaching its slowest pace since 2012 as more houses came to the market.

The median price of an existing single-family home rose in 71 percent of the 173 metropolitan areas measured, down from 74 percent in the first quarter, the National Association of Realtors said in a report Tuesday.

The median price for an existing single-family house in the three months through June was $212,400, up 4.4 percent from the second quarter of 2013. The median price during the first quarter rose 8.3 percent from a year earlier.

The best-performing area in the second quarter was Salem, Ore., where the median price jumped 25 percent from a year earlier.