Black Knight: Home Prices Basically Flat In September

Posted by Patrick Barnard on November 25, 2014 No Comments
Categories : Residential Mortgage

U.S. home prices were basically flat in September compared to August, according to Black Knight Financial Services' Home Price Index report, which tracks home prices in more than 18,500 ZIP codes.

The average home price was $241,000, up 0.1% compared to September and up 4.6% compared to September 2013.

Still, home prices nationwide are 10.2% below the peak average price of $268,000 in June 2006.

States that saw the biggest increases in home prices, month over month, included Georgia (0.9%), New York (0.5%), South Carolina (0.4%), Washington, D.C. (0.4%) and Maryland (0.3%).

States that saw the biggest declines in home prices included Vermont (-0.6%), Missouri (-0.6%), Connecticut (-0.6%), Massachusetts (-0.5%) and New Jersey (-0.5%).

Cities that saw the biggest increases in home prices for the month included Naples, Fla. (1.1%); Atlanta (1.0%); The Villages, Fla. (0.8%); Myrtle Beach, S.C. (0.7%); and Key West, Fla. (0.6%).

Cities that saw the biggest declines in home prices for the month included Bridgeport, Conn. (-0.9%); Oxnard, Calif. (-0.8%); Santa Rosa, Calif. (-0.8%); Atlantic City, N.J. (-0.8%); and New Haven, Conn. (-0.7%).

Half of the 20 largest states saw prices decrease in September, according to the report.

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