U.S. home prices increased 0.1% in December compared with November and increased 5.5% compared with December 2014, according to Black Knight Financial Services’ home price index.
The average price for a home in the U.S. as of the end of December was about $253,000, which is just 5.3% below the June 2006 peak of $268,000. What’s more, it is up 27% from the market’s bottom.
States that saw the most home price appreciation, month over month, in December included Florida (0.8%), New York (0.8%), Washington (0.4%), South Dakota (0.4%) and Arizona (0.4%).
Connecticut again led the states in terms of most negative price movement.