In the Boston metro, home values rose 0.6 percent month-over-month in November, standing now at 16.4 lower than the peak prices hit in the fourth quarter of 2005, according to national real estate analytics provider Zillow.

Boston’s monthly increase matched the month-over-month jump nationally at 0.6 percent. But Boston home prices were up 4 percent year-over-year, a less significant increase than the national home price gain of 5.2 percent year-over-year. That jump marks the largest annual gain since August 2006, when home values rose 6 percent year-over-year. The monthly increase is the 13th in a row for national home values, according to Zillow. The last time home values stood at $156,200 was May 2004.

Nationally, home values have increased every month for more than a year, rising 0.6 percent from October to November, to a Zillow home value index of $156,200.

Chicago, Atlanta, Philadelphia and New York were the only metro areas in the top 30 where home values have declined year over year.

"The housing market recovery we’ve been experiencing throughout 2012 should continue on its own momentum into 2013," said Zillow Chief Economist Stan Humphries in a statement. "Tight inventory, courtesy of negative equity, is running headlong into high demand driven by historic affordability and renewed consumer and investor interest. This is helping home values rise in a majority of metro areas nationwide. Looking forward, we expect this dynamic to continue, with the welcome result being more underwater borrowers released from negative equity as home values rise."

Foreclosures also fell nationally in November, with 5.26 out of every 10,000 homes in the country being foreclosed upon during the month. That was down 1.2 percent from October, and down 2 percent year-over-year.