Black Knight Financial Services’ home price index report for July 2015 shows that home prices were up 0.4% for the month, rising 5.3% on a year-over- year basis.

This puts national home prices also up 5.3% since the start of the year and up nearly 27% since the bottom of the market at the start of 2012.

At $248,000, the national level HPI is now just 5.5% off its June 2006 peak of $268,000.

Click to enlarge

(Source: Black Knight)

New York led gains among the states, seeing 1.4% month-over-month appreciation, followed by Hawaii and Florida, both of which gained at 0.8% from June. New York State metros also accounted for 7 of the top 10 best performing metro areas.

Only two states experienced negative price movement in July, Missouri (-0.1%) and Virginia (-0.2%).

Among the nation's 20 largest states, 4 hit new peaks in April:

  • Indiana ($148K)
  • New York ($351K)
  • Tennessee ($176K)
  • Texas ($213K)

Of the nation’s 40 largest metros, 12 hit new peaks: 

  • Austin, TX ($283K)
  • Boston, MA ($406K)
  • Columbus, OH ($187K)
  • Dallas, TX ($216K)
  • Denver, CO ($324K)
  • Houston, TX ($219K)
  • Nashville, TN ($218K) 
  • Pittsburgh, PA ($190K)
  • Portland, OR ($317K)
  • San Antonio, TX ($194K)
  • San Francisco, CA ($717K)
  • San Jose, CA ($865K)

Click to enlarge

(Source: Black Knight)

Washington state home prices rose by 8.4% since this time last year, marking the largest year-over-year growth among the 20 largest states.

San Jose and San Francisco have seen the largest year-to-date home price growth among the nation’s 40 largest metro areas, rising 12.7 and 11% respectively since the start of 2015.