U.S. home prices increased 0.9% in June compared to May and increased 5.1% compared to June 2014, according to Black Knight Financial Service's home price index report.
The average price for a home was $252,000, which is about 5.8% below the estimated peak price of $268,000 seen in June 2006. At the same time, it is an increase of 26% from the market's bottom in January 2012.
States that saw the biggest increases in home prices month over month in June included Michigan (1.9%), Colorado (1.4%), Nevada (1.3%), Alaska (1.3%) and Vermont (1.3%).
States that saw the lowest home price appreciation in June included West Virginia (0.0%), Virginia (0.1%), Missouri (0.2%), Arkansas (0.2%) and Maine (0.2%).
Cities that saw the biggest increases in home prices month over month in June included Reno, Nev. (2.6%); Janesville, Wisc. (2.4%); Detroit (2.2%); Carson City, Nev. (2.2%); and Yakima, Wash. (2.0%).
Cities that saw the most depreciation month over month in June included Sierra Vista, Ariz. (-0.1%); Wheeling, W.V. (0.0%); Beckley, W.V. (0.0%); Morgantown, W.V. (0.0%); and Parkersburg, W.V. (0.0%).
As of June, California home prices had risen more than 50% since the national market bottom in January 2012.
Home prices in Indiana, New York, Tennessee and Texas all hit new peaks in June.
Las Vegas home prices were up nearly 60% from the national, though still nearly 40% off their peak.