Home sales prices nationwide were up 6.7 percent between March 2015 and March 2016, according to a new report released by CoreLogic, a property information and analytics firm. Prices were up 2.1 percent between February 2016 and March 2016.

The Warren Group, publisher of the Banker & Tradesman reported last week that the median sales price of a single family home dropped 0.94 percent between March 2015 and March 2016, to $315,000. Median condo prices jumped 10.4 percent to $315,000 during the same period and eclipsed single family home prices for the second time since 1987.

The CoreLogic report went on to predict that home prices will increase by 5.3 percent from March 2016 to March 2017, and on a month-over-month basis home prices are expected to increase 0.7 percent from March 2016 to April 2016.

CoreLogic’s chief economist, Dr. Frank Nothaft, called it the strongest gain since the end of 2012 in a statement.

“Low interest rates and increased home building suggest that housing will continue to be a growth driver,” Nothaft said.