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Florida, New York post Best December Price Gains

Tuesday, March 1, 2016

Home prices rose 0.1 percent in December according to Black Knight Financial Services.  The company's Home Price Index (HPI) ended the month at $253,000 unchanged after rounding from the November number.  The HPI was 5.5 percent higher than in December 2014 when it stood at $240,000.

Black Knight said its index has now risen 27 percent from the market bottom of $200,000 in January 2012 and is only 5.3 percent below its June 2006 peak of $268,000.

Florida and New York posted the largest gains among the states on a month-over-month basis, both increasing 8.0 percent.  They were followed by five states with 4 percent changes, Washington, South Dakota, Arizona, North Dakota, and Wyoming.  Both New York and Texas set new price peaks in December as did eight of the 40 largest metropolitan areas, four of them in Texas.

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