Last year saw the sharpest rise in U.S. home prices since 2005, according to a new report from real estate analytics provider CoreLogic, with prices, including distressed sales, up 11 percent year over year.

For the month of December, U.S. home prices, including distressed sales, increased 9.9 percent in December 2013 compared to December 2012. This change represents the 22nd consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, decreased by 0.1 percent in December 2013 compared to November 2013.

Excluding distressed sales, home prices increased 9.9 percent month over month in December 2013 compared with December 2012.

Massachusetts ranked 14th among all states with December monthly home price appreciation of 9.5 percent, including distressed sales. 

The CoreLogic Pending Home Price Index (HPI) indicates that January 2014 home prices, including distressed sales, are expected to dip 0.8 percent month over month from December 2013. The index projects an increase of 10.2 percent on a year-over-year basis from January 2013. Excluding distressed sales, January 2014 home prices are poised to rise 0.2 percent month over month from December 2013 and 10.2 percent year over year from January 2013.

"Last year, home prices rose 11 percent, the highest rate of annual increase since 2005, and 10states and the District of Columbia reached new all-time price peaks," Mark Fleming, chief economist for CoreLogic, said in a statement. "We expect the rising prices to attract more sellers, unlocking this pent-up supply, which will have a moderating effect on prices in 2014."

Including distressed sales, the five states with the highest home price appreciation were Nevada (23.9 percent), California (19.7 percent), Michigan (14 percent), Oregon (13.7 percent) and Georgia (12.8 percent).