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Len & Leslie Marma's Blog

By Len and Leslie Marma | Agent in Marshfield, MA

Home Prices Up 4% in 2012

LPS: Home prices up 4% in 2012
By Jon Prior
• September 7, 2012 •

Home prices increased 4% from the start of the year but remained little changed from one year ago, according to Lender Processing Services ($28.54 -0.19%) data.

The average national home value was $203,000 in June, up 0.7% from the previous month and less than a percentage point from the same month one year prior.

Prices remain 23.5% below the peak of the housing market in 2006, but are nearly level with pre-bubble values measured in 2003, according to past LPS data.

The largest monthly gain in June came in Alaska, where home prices increased 2.4%, followed by more than a full percentage point increase in the hardest hit areas such as New York, Nevada, Arizona and Florida.

The highest increase for metros was a 2.4% gain in Alaska's largest city Anchorage. Prices also increased 2% in Miami; 1.8% in Reno, Nev.; and 1.4% in Las Vegas.

jprior@housingwire.com

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