Home prices nationwide, including distressed sales, increased 10.2 percent year-over-year in February 2013 compared to February 2012, according to a new report from the real estate analytics firm CoreLogic.
Excluding distressed sales, home prices increased 10.1 percent in February 2013 compared with February 2012.
This change represents the biggest year-over-year increase since March 2006 and the 12th consecutive monthly increase in home prices nationally.
In Massachusetts, home prices including distressed sales increased 6.7 percent. Excluding distressed sales, home prices climbed 8.2 percent.
"Home prices continued their march upward in February. Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases and underscoring the ongoing strengthening of market fundamentals," Anand Nallathambi, president and CEO of CoreLogic, said in a statement. "Continued home price appreciation will provide fuel needed to drive further recovery in the home purchase market."
According to CoreLogic, the five states with the highest home price appreciation, either including or excluding distressed sales, were Nevada, Arizona, California, Hawaii and Idaho.
Including distressed sales, only three states posted home price depreciation: Delaware, Alabama and Illinois. When distressed sales were excluded, only Delaware posted home price depreciation in February.
