In terms of national averages, the recovery has raised prices within a hair of their highest peaks reached during the boom nearly ten years ago, but on a market-by-market basis, median prices in fewer than half of the nation’s larger markets have fully rebounded from the housing crash.
At $251,000, US home prices are now just 6.5 percent off June 2006 peak of $268,000, and up over 25 percent from the market”s bottom, according to May data released today by Black Knight Financial Services. Black Knight reported that its HPI index rose 1.1 percent in May over April and 5.1 percent over May 2014.
However, on a market-by-market basis, only 47 percent of the nation’s top 300 markets have met or exceeded their peaks in 2007. Homes.com, which tracks price rebounds by market, reported that in May 139 of the nation’s 300 largest markets had achieved full price recovery.
Homes.com reported that:
- Dallas-Fort Worth-Arlington, TX (115.17% rebound percentage), Austin-Round Rock, TX (113.15%), and Denver-Aurora-Lakewood, CO (113.04%) led the nation’s top 100 markets in rebound percentage in May. In fact, nine of the top ten leading rebound markets were in the West.
- Three of the nation’s beste online casino largest markets had at least a 7% increase yearly while seven markets had an annual percentage increase of at least 6%. Five markets are from California which is the most from a single state.
- The West was home to nine of the top ten markets achieving the greatest year over year price appreciation in May.