U.S. home prices increased 0.1% in December compared with November and were up 6.62% for 2017, according to Black Knight’s home price index report.
December marked the 68th consecutive month of annual home price appreciation, according to the mortgage software, data and analytics firm.
The average price for a home, nationwide, was about $283,000.
New York once again led all states in terms of monthly gains; home prices there were up 1.71% compared with the previous month. Rounding out the top five states in terms of month-over-month home price appreciation in December were Nevada (0.81%), Georgia (0.69%), South Carolina (0.60%), and Colorado (0.54%).
Ohio experienced the most negative movement, with home prices there falling 1.13% compared with November, and accounting for seven of the nation’s 10 worst-performing metros of the month.
Home prices fell in nine of the nation’s 20 largest states, while six others hit new peaks.
Likewise, while 11 of the 40 largest metros hit new home price peaks in December, prices fell in another 20.