Data firm CoreLogic reports Delaware was the only state where home prices declined in July compared to the year prior.
Nationwide, home prices on average climbed almost 12 and a half percent in July, marking the 17th straight monthly rise. But, Delaware’s average dropped 1.3 percent.
States which saw the biggest gains tended to be the ones most affected by the housing bubble collapse, including Nevada, California, and Arizona. The smallest increase in home prices last July were found in Alabama, New Mexico, Mississippi and Vermont, all under 2.2 percent.
In Delaware distressed homes sales, which include properties that have been seized by lenders and short sales, were a major factor in depressed home values.
Elsewhere, neighboring states Maryland, Pennsylvania, and New Jersey, all saw gains in home values for July between 3.7 and 7.1 percent.