Home prices rose by more on a monthly basis in New York than in any other state in the country, according to Black Knight Financial Services.
From November to December, home prices increased 0.1% nationwide, Black Knight said in its latest Home Price Index report. In New York though, prices went up 1.2%, more than twice as much percentage-wise as the next state, which was Washington at 0.5%.
Similarly, metropolitan areas in New York dominated Black Knight's list of top movers at the metro level. New York City experienced 1.1% home price appreciation, while other New York metro areas making the list included Utica, Kingston, Buffalo, Binghamton, Syracuse, Albany and Elmira.
The only two cities outside New York to make the list were Kennewick, Wash., and Gainesville, Ga.
On an annual basis, home prices rose 5.7% over 2015 levels nationwide. Consequently, annual appreciation averaged 5.4% in 2016.
