Nationwide home prices peaked in September for the 65th consecutive month, according to Black Knight’s Home Price Index (HPI).
Black Knight said the national-level HPI in September reached $282,000, up 0.16 percent from August. The highest home price appreciation was in New York, where prices rose 1.08 percent. The HPI also found that half of the nation’s 20 largest states and 17 of the largest metropolitan areas saw prices fall from last month.
According to Black Knight, several states hit new peaks during September. Those states were Massachusetts ($400K); New York ($386K); North Carolina ($213K); Ohio ($162K); Tennessee ($202K); and Washington ($380K).
Metropolitan areas that hit new home price peaks included Boston ($464K); Charlotte, N.C. ($229K); Columbus, Ohio ($201K); Dallas ($262K); Los Angeles ($656K); Nashville ($265K); New York ($473K); San Diego ($584K); San Francisco ($851K); San Jose, Calif. ($1,031K), and Seattle ($472K).