U.S. home prices rose 5.5 percent in June compared with last year, rising to an average price of $241,000, according to a new report from Black Knight Financial Services.
Black Knight’s Home Price Index (HPI) rose 0.8 percent compared with May. Overall, U.S. home prices are now 10.4 percent below their peak in June of 2006, according to the index.
Massachusetts was one of the top five states for price growth in June, according to Black Knight, with the HPI rising 1.2 percent over May and 5.8 percent over June 2013, to $343,000. Bay State home prices remain 5.1 percent below their August 2005 peak of $361,000, according to the index.
Of the 20 largest cities in the country tracked by Black Knight, Boston ranked tenth for price growth in April, with prices up 7.4 percent compared with last year and 1.2 percent over May, to an average of $390,000.



