U.S. home prices ticked up 0.1 percent in November from the prior month, to an average of $241,000, according to a new report from real estate analytics provider Black Knight Financial Services. The company’s Home Price Index (HPI) shows U.S. prices remain 10.1 percent below their 2005 peak, but are up 4.5 percent compared with the same time last year.
Montana, Texas, New Mexico, Wyoming and Colorado were the top five states with the largest month-over-price increases in November. Massachusetts was among the bottom 10, with prices dropping 0.5 percent in November to an average of $339,000, according to Black Knight’s HPI. Overall, Bay State prices were up 3.6 percent compared to the same time last year, but remain 6.4 percent below their 2005 peak, somewhat better than the national average.
Boston ranked 37th among the country’s 40 largest cities for price gains in November, with prices dipping 0.5 percent in November compared with the prior month, to an average of $385,000. Boston prices remain 3.3 percent below their peak, but were up 4.6 percent compared to the same time last year. However, Springfield was among the bottom ten cities for price declines in the country, with prices dipping 0.6 percent in November.



