Year-over-year, single-family home values in Massachusetts fell 2.2 percent in September, good for 22nd place in the country in terms of largest home price declines – but well ahead of the national average of a 4.1 percent decrease, according to new research from CoreLogic.
Excluding distressed sales, Massachusetts home prices fell 1.6 percent in September compared to September 2010.
With a year-over-year, single-family price drop of 12.4 percent in September (including distressed sales), Nevada led the list of all 50 states and the District of Columbia. Rounding out the top five – or bottom, depending on perspective – were Illinois, Arizona, Minnesota and Georgia.
In all, just 12 states managed year-over-year price increases in September, while one – Mississippi – was unchanged. West Virginia recorded the largest value increase, up 7 percent. The other top five performers were Wyoming, South Dakota, Maine and North Dakota.
