Black Knight: U.S. Home Prices Inched Up 0.8% In June

Posted by Patrick Barnard on August 29, 2016 No Comments
Categories : Residential Mortgage

U.S. home prices increased 0.8% in June compared with May and increased 5.3% compared with June 2015, according to Black Knight Financial Services’ home price index report.

The average price for a home, based on closings, was about $265,000.

Home prices as of June were up 32.6% from the market’s bottom and were just 1.1% away from setting a new national peak, Black Knight says.

States that saw the biggest increases in the average home price in June included Michigan (1.6%), Wisconsin (1.5%), Oregon (1.4%), Washington (1.4%) and Ohio (1.3%).

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