Across the U.S., home values posted 5.2% quarter-over-quarter gains, placing prices 8.8% above levels experienced one year ago, according to Clear Capital's June Home Data Index Market Report.
Regionally, the Midwest and South saw the largest quarterly price growth, while the West and Northeast showed more stable quarterly gains.
"Price trends nationwide have seen a considerable upswing driven in large part by the flurry of recent sales attributed to the tax credit and springtime buying activity," said Alex Villacorta, a senior statistician for Clear Capital.
He said metro level markets are showing recent signs of healthy price growth, yet many of these markets are simply "returning to their pre-winter levels, and some of the hardest hit areas remain as much as 54 percent below their 2006 peaks."
