Homes.com revealed its latest Local Market Index, a price performance summary on repeat sales of properties, using home pricing data for the period ending June 2013, the company said in a press release.

The index shows gains for single-family properties in 87 of the top 100 markets.

The new index expanded to include midsized markets ranked from 101-300, giving a smaller look at smaller markets nationwide.

"Home prices continue to post the strongest gains in seven years, with 250 of the top 300 markets showing gains month over month," said Brock MacLean, executive vice president of Homes.com.

"Adding to that momentum, all of the top 300 markets recorded gains year over year, illustrating the recovery continues to progress around the country," he said. 

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