The S&P Case-Shiller Home Price Index was not the only such index out Tuesday. The Black Knight Financial Services U.S. Home Price Index for March, also released Tuesday, was at $257K, up 29% from the market's bottom and just 3.8% off the June 2006 peak of $268K.
Among other findings:
- Washington again led all states with 2.1% appreciation, followed by Illinois, Oregon and Colorado, all at 1.9%.
- Strong upward monthly price movement was observed in many metro areas, with the top 10 movers all seeing at least 2.0% growth or higher.
- All states and metro areas experienced positive price movement in March, with four of the 20 largest states and 12 of the 40 largest metros hitting new peaks.
The data are assembled by the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) using repeat sales data from the nation's largest public records data set, as well as its loan-level mortgage performance data for both disclosure and non-disclosure states. Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted.
For a more in-depth review of this month's home price trends, including detailed looks at average home prices in the 20 largest states and 40 largest metros, click here.