Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over- year basis, the November Black Knight home price report found.
As a result, national home prices are up 27% since the bottom of the market at the start of 2012 and are just 5.3% off the June 2006 peak.
Notably, New York led gains among the states for the fifth straight month, seeing 1.2% month-over-month appreciation, the report said.
The state accounted for five of the top 10 best performing in November, with NYC leading at 1% month-over-month growth.
Along with New York, Tennessee and Texas also hit new peaks in November:
New York ($357K)
And at the metro level, of the nation’s 40 largest metros, seven hit new peaks:
Austin, Texas ($286K)
Dallas, Texas ($221K)
Denver, Colorado ($329K)
Houston, Texas ($220K)
Nashville, Tennessee ($222K)
Portland, Oregon ($324K)
San Antonio, Texas ($195K)