Home prices increased in June from the previous month in 23 out of the 25 metropolitan statistical areas (MSAs) tracked by the Radar Logic real estate data and analytics company, which released its results today.
Its 25-MSA Real Property Index (RPX) increased 3% on a month-over-month basis, one of the largest gains during the month of June since 2000. Price gains accelerated in June in contrast to the historical pattern.
The increase in the 25-MSA Composite from February to June outpaced the gains over the same period during the previous three years, and the increase from April to June was the largest of any year since the beginning of Radar Logic’s data in 2000. Continue reading