LPS: California, Nevada markets see biggest price gains

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U.S. home prices were up 1.3 percent from April to May and 7.9 percent from a year ago, according to the latest LPS Home Price Index. LPS said the repeat sales index now covers 1,900 counties, an increase of about 25 percent.

All but one of the 10 metros for monthly price gains were in California and Nevada:

  • Las Vegas (3.2 percent)
  • San Francisco (2.5 percent)
  • Reno, Nev. (2.5 percent)
  • Sacramento, Calif. (2.5 percent)
  • Napa, Calif. (2.3 percent)
  • Vallejo, Calif. (2.3 percent)
  • Stockton, Calif. (2.3 percent)
  • Modesto, Calif. (2.3 percent)
  • Bend, Ore. (2.2 percent)
  • Santa Rosa, Calif. (2.2 percent)

Source: lpsvcs.com.