Slight rise in national home prices

By Liz Clinger Updated on 6/22/2012

According to Lender Processing Services, Inc.’s First Look Home Price Index report, home prices reached an overall average of $200,000 in April, up 1.1%, though still down 0.1% from the previous year.  The report reviews the status of home pricing in 15,500 United States zip codes and covers home prices on all non-distressed transactions.

Regions showing the most gains in price were Alaska at a 2.6% increase, Washington D.C. with a 2.4% increase and Georgia with a 2.2% increase. Metropolitan areas with highest gains included Anchorage, AK at 2.6%, Phoenix, AZ reaching a 2.3% gain and Atlanta, GA up 2.1%.

A look at the largest states in the U.S. showed California with a gain of 0.6% in April over March, reaching an average price of $294,000, though still down a full 1% from the year prior.

Texas reached a 1% gain from March to April, which an average home price reaching $173,000, while Florida reached a 0.6% increase from March to April as well as over the previous year, with an average home price of $152,000.

The state of New York reached an increase of 0.9% from March to April, and 0.4% up from the previous year, reaching average home prices of $293,000, while the state of New Jersey showed a 0.9% increase from March to April, though still down 2.4% from the previous year.

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