Home prices increased in March to a new peak, according to the latest Home Prices Index from Black Knight Financial Services.
Home prices rose to a median $272,000 in March, the report showed. This represents a new peak in home prices, and a rise of 2.3% from the start of the year.
And the Case-Shiller index, put out by CoreLogic and S&P Dow Jones Indices, showed home prices increased 5.8% annually in March, a pace which experts say is good news for sellers, but not so great for home buyers.
But some metropolitan areas saw home prices moving faster than others, as the fastest metro saw an increase that was double that of the national average. Month-over-month, home prices increased 1.3% nationally.
Here are the top ten housing metros with the highest increase in home prices in March, and the percent increase from the previous month. Using data from Trulia, HousingWire analyzed the median home price in each metro.
10. Bloomington, Illinois – Home prices up 2%
Median home price: $157,000
9. Boulder, Colorado – Home prices up 2%
Median home price: $625,000
8. Sacramento, California – Home prices up 2%
Median home price: $280,000
7. Spokane, Washington – Home prices up 2%
Median home price: $180,325
6. Kankakee, Illinois – Home prices up 2.2%
Median home price: $86,000
5. San Francisco, California – Home prices up 2.2%
Median home price: $1,205,000
4. Walla Walla, Washington – Home prices up 2.2%
Median home price: $218,750
3. Bellingham, Washington – Home prices up 2.3%
Median home price: $335,709
2. Seattle, Washington – Home prices up 2.4%
Median home price: $625,000
1. San Jose, California – Home prices up 2.6%
Median home price: $835,000
