U.S. home prices rose 1.0% in April compared to March and were up 4.9% compared to April 2014, according to Black Knight Financial Services' home price index (HPI) report.
The average price for a home in April was about $248,000, which is 7.6% below the peak average price of $268,000 seen in June 2006.
Washington saw the biggest increase in home prices in April – up 2.0% compared to March. The Seattle market saw home prices increase 2.2%, according to Black Knight's data, which is collected via its mortgage origination platform.
Colorado, New York, Tennessee and Texas also hit new peaks in April.
Boston and Portland are less than 0.75% off their peaks, Black Knight reports.
Black Knight's HPI represents the price of non-distressed sales by taking price discounts for REO and short sales into account.
Earlier this month, CoreLogic reported that U.S. home prices increased 2.7%, including distressed sales, in April compared to March and were up 6.8% compared to April 2014. CoreLogic's HPI, however, uses a different methodology.