Home prices nationwide, including distressed sales, increased 11.1 percent in March compared with the same time last year, according to a new report from real estate data and analytics provider CoreLogic. This change represents the 25th consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 1.4 percent in March compared with February.

Excluding distressed sales, home prices nationally increased 9.5 percent in March 2014 compared with March 2013 and 0.9 percent month over month compared with February 2014. Distressed sales include short sales and real estate owned (REO) transactions.

CoreLogic predicts that home prices, including distressed sales, will rise 5.7 percent over the next year.

"March data on new and existing home sales was weaker than expected and is a cause for concern as we enter the spring buying season," Mark Fleming, chief economist for CoreLogic, said in a statement. "[S]upply and demand imbalance continues to drive home prices higher, even though transaction volumes are lower than expected."

"Home prices continue to rise across the nation, but affordability, tight credit and supply concerns are becoming an increasing drag on purchase market activity," Anand Nallathambi, president and CEO of CoreLogic, said in a statement. "In many markets – especially major metro areas like Los Angeles, Atlanta and New York – home prices are being driven up at double-digit rates fueled by a lack of inventory and record levels of cash purchases."

Including distressed sales, the five states with the highest home price appreciation were:  California (+17.2 percent), Nevada (+15.5 percent), Georgia (+12.4 percent), Hawaii (12.3 percent) and Oregon (12.2 percent).

Massachusetts ranked 27th on CoreLogic’s list, with single-family home price appreciation, including distressed sales, of 7 percent. Excluding distressed sales, Bay State home prices increased 10 percent, according to CoreLogic.