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Black Knight: Home prices erase last month’s gains

Florida dominates top-performing metros

Home prices erased all of November's gains and dropped back down 0.1% in December, with the average home price index staying at $241, according to Black Knight’s December home price index.

U.S. home prices ended last year only 10.2% off their June 2006 peak.

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Black Knight

Source: Black Knight

While recovery continues in both states, Arizona and Florida still remain about 30% off their pre-crisis peaks. However, the top 10 performing metro areas are still dominated by Florida.

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Black Knight

Source: Black Knight

The Texas housing market finally simmered down and leveled off after hitting a new peak in December.

Instead, New York and Colorado both saw price increases in December, overcoming winter's seasonal effects. Colorado’s home prices hit a new high yet again in December.

Lastly, monthly declines were seen in 23 of 40 largest states.

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3d rendering of a row of luxury townhouses along a street

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