Prov. metro home prices climb 5.3% in September

PROVIDENCE – The Providence-Warwick-Fall River metropolitan area ranked 25th among the 40 largest metros nationwide for its home-price growth of 5.3 percent over the year in September, Black Knight Financial Services said Nov. 28.

Home prices in the Providence metro increased to $267,000 in September compared with $254,000 in September 2015.

The Providence metro’s home prices are still 13.9 percent below the peak price of $310,000 recorded in June 2006, but are 25.4 percent above the low of $213,000 reached in January 2012, the national market bottom.

Boston was 20th on the list, with 6 percent home-price growth over the year. The Boston metro saw prices increase to $431,000 from $407,000 last year, hitting a new peak for the area.

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Black Knight said nationwide, home prices increased 5.4 percent over the year in September to $266,000. •

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