The Pacific Division, which comprises California, Oregon, Washington, Hawaii and Alaska, showed the largest House Price Increase over the last year: 17.3%.

The East North Central division, which comprises Ohio, Indiana, Illinois, Wisconsin and Michigan, saw the smallest annual house price increase: 5.7%.

Twenty-one of the 265 ranked areas had four-quarter appreciation exceeding 25%.

Overall, just 10 of the 265 ranked metropolitan areas experienced negative quarterly growth, compared with 15 in the last reporting cycle. No state or metropolitan area saw a decline over the past year.

Metropolitan areas in Arizona, California and Florida dominate the top 20 when ranked using annual price growth. For the first time since the fourth quarter of 2003, no Nevada metro areas ranked among the top 20. But two other Western states, Utah and Idaho, showed noticeable gains.

View top city numbers here.