U.S. home prices increased 0.8% in February compared with January and increased 5.7% compared with February 2016, according to Black Knight Financial Services’ home price index report.
The average price for a home hit a post-crisis high of about $268,000, surpassing the peak set in June 2006, Black Knight’s data shows.
February marked the 58th consecutive month of year-over-year national home price appreciation.
States that saw the most home price appreciation in February compared with January included Washington (2.2%), Colorado (1.6%), Oregon (1.5%), New York (1.2%) and Utah (1.2%).
Metropolitan areas that saw the most home price appreciation month over month included Seattle (2.7%); San Jose, Calif. (2.2%); Denver (2.0%); Bellingham, Wash. (2.0%); and San Francisco (1.8%).