September was a solid month for home price growth in Florida, with prices rising in the latest index from CoreLogic.

Home prices in the Sunshine State rose 12.14 percent year-over-year in September, according to the latest Home Price Index from CoreLogic.

Though prices remain 37.7 percent below their Oct. 2006 peak, they were also up 1.75 percent over the last three months, and even up 0.22 percent from August.

National Home Prices Make Progress in September

Additionally, home prices posted positive numbers on a national basis as well in the Home Price Index:

• Including distressed sales, home prices were up 12 percent in September from last year; that’s the 19th straight month of yearly price gains.
• Excluding distressed sales, prices were still up 10.8 percent, and they increased 0.3 percent from August to September.
• Prices are still 17.4 percent below their April 2006 peak, but we can likely count on similarly strong gains in October – the CoreLogic Pending HPI is anticipating a 12.5 percent year-over-year increase for October’s index.

Mark Fleming, the chief economist for CoreLogic, said the latest index marks two notable facts for the housing market.

“September marks the unofficial five-year anniversary of the start of the housing crisis,” he said. “While there is still room for improvement, the HPI is at the highest level since May 2008.”

For more perspective on the index’s gains, see our graph below.