Home prices rose 1.2% from February and 4.8% year-over-year in March, representing the largest monthly gain since June 2013, according to Black Knight Financial Services.
Black Knight's Home Price Index recorded a value of $245,000, just 8.43% off the peak reached before the crisis. That figure also stood 22.7% higher than the low the market reached in 2012.
Colorado and Washington, D.C., rested atop the list of states with the largest month-to-month gains at 1.9% growth each. Montana brought up the rear, with only 0.3% home price growth for the month.
As for cities, metropolitan areas in California, Colorado and Florida comprised most of the top 10 in terms of home price growth, with San Jose, Calif., coming out ahead of the rest with a 2.7% increase.
New Haven, Conn., closed out the bottom 10 after it saw no price movement whatsoever for the month of March.
Jacksonville, Fla.-based Black Knight
