PROVIDENCE – The Home Price Index for the Providence metropolitan area increased 7.1 percent year over year in June, according to a report released by Black Knight Financial Technology Solutions LLC Monday.
Nationally, HPI increased 0.9 percent from May, an increase of 6.2 percent year over year in June to $281,000, a record for national HPI.
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The company estimated the Providence metro area HPI was $283,000 in June. The Providence metro area increased 1.3 percent from May.
Rhode Island HPI slightly outperformed the Providence metro area, increasing 1.4 percent from May to June, the fifth-largest HPI increase in the nation and the second-most in New England behind Vermont, tied with New Hampshire.
Chris Bergenheim is the PBN web editor.
