That's a 16% increase from a year ago - the highest since September 2008.
"While price appreciation has leveled off month to month, home prices have increased significantly from a year ago and we expect this trend to continue," said Craig King, COO of Chase International, in the report.
RealtyTrac published a list of the 12 cities and metros with the fastest year-on-year Home Price Appreciation (HPA) last month. Prices rose by at least 10% in all of these markets in October.