Black Knight Financial Services said Monday that national home prices eked out another month-over-month gain in November, rising 0.1 percent on its Home Price Index (HPI) to a value of $241,000.   This is a 4.5 percent increase from the national score of $230,000 in November 2013.

The biggest gainers were Texas and Montana, each of which saw 0.7 percent increases in their HPI values.  They were followed by New Mexico and Wyoming, each up 0.5 percent and four states that posted gains of 0.4 percent, Colorado, Louisiana, Utah, and Idaho.  Most states in the New England region lost ground in November with Vermont losing 0.7 percent, Rhode Island 0.6 percent, New Hampshire and Massachusetts each falling 0.5 percent, and Connecticut down 0.4.  Michigan was also in negative territory by 0.6 percent and New York and Maryland each lost 0.5 percent.

Home prices national are now 10.1 percent off the peak level established in June 2006.  Texas and Colorado, however, exceeded their pre-crash peaks over a year ago and each established yet another record high in November.  Colorado now has an HPI of $277,000, a 7.8 percent increase since November 2013.  Texas is at an HPI of $202,000, an annual gain of 8.1 percent.

Lakeland and Naples Florida and Houston has the largest monthly increase among the large metropolitan areas, each up 0.8 percent, followed by Dallas and Port St. Lucie, Florida each with 0.7 percent increases.  Detroit fell 1.3 percent from its October value followed by Rochester, Santa Rosa, California; Baltimore, and Torrington, Connecticut which each lost 0.8 percent.

The Black Knight HPI is derived from the company’s property and loan-level databases and represents a repeat sales analysis of home prices as of their transaction dates every month for each of more than 18,500 U.S. ZIP codes.  It represents the price of non-distressed sales by taking into account price discounts for REO and short sales.