Home prices in the U.S. rose 1% from January to February and 7.3% from year ago levels, Lender Processing Services said in its February U.S. Home Price Index report.

The average home price in February reached $210,000, a 1.3% improvement from the start of the year and another indicator of a healing housing market. A year ago, the average price hovered around the $196,000 mark.

California and Washington state reported the largest month-over-month gains, with both states seeing a 2.2% gain in home values.

Nevada – a hardest hit sand state – also saw prices recover by 1.8%, while Hawaii home prices edged up 1.6%.

Illinois also rebounded month-over-month with prices rising 1.4%.

The LPS Home Price Index is based on real estate transaction data from February and comes out a day before the release of the S&P Case/Shiller report.

LPS (LPS) analyzes data from more than 15,500 ZIP codes to compile its report.

kpanchuk@housingwire.com

Latest Articles

RealPage continues growing, set to acquire Modern Message

Real estate tech company RealPage announced recently that it will be acquiring multifamily real estate engagement solution Modern Message.

Jan 24, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please