The housing market just saw its biggest annual price drop in a decade

. That's the steepest year-over-year drop since 2012. The prior month saw a 0.1% annual dip.

All 20 major metro markets reported monthly price gains, marking the third consecutive month of across-the-board climbs. Measured annually, there was an even split among the top metros, with 10 cities seeing higher prices and 10 seeing lower prices. Chicago, Cleveland, and New York saw the steepest year-over-year price growth, at 4.6%, 3.9%, and 3.5%, respectively. mismatch between supply and demand

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