Home prices increased nationally by 7 percent year over year from March 2017 to March 2018, while on a month-over-month basis, prices increased by 1.4 percent, according to a new release from property information provider CoreLogic.

“Home prices grew briskly in the first quarter of 2018,” Frank Nothaft, chief economist for CoreLogic, said in a statement. “High demand and limited supply have pushed home prices above where they were in early 2006. New construction still lags historically normal levels, keeping upward pressure on prices.”

According to CoreLogic Market Condition Indicators data, an analysis of housing values in the country’s 100 largest metropolitan areas based on housing stock, 37 percent of metropolitan areas have an overvalued housing market as of March 2018. Despite a 5.7 percent rise in pricing year over year, CoreLogic still considers the Boston area “at value.”

In Massachusetts, the median single-family sale price increased 5.4 percent to $354,000, up from $335,750 a year earlier, according to analysis from The Warren Group, publisher of Banker & Tradesman. Single-family home sales decreased in March on a year-over-year basis; there were 3,632 single-family home sales recorded in March statewide, an 8 percent dip from March 2017.

“Affordability continues to slip away from the average buyer. Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis even worse,” Frank Martell, president and CEO of CoreLogic said in a statement. “Now the CoreLogic Market Condition Indicators show half of the top 50 markets in the country are overvalued because home prices in those areas have risen so much faster than incomes.”