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Market Conditions
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Written by Eric Mangan, ForSaleByOwner.com
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(April 28, 2009) Home prices declined in each of the 20 metropolitan areas tracked by the S&P/Case-Shiller home-price index.
The monthly index found that, from February 2008 to February 2009, prices dropped 18.6% across the 20 markets, with the biggest declines occurring in Phoenix (-35.2%), Las Vegas (-31.7%), San Francisco (-31%) and Miami (-29.5%). Markets with the smallest declines were Dallas (-4.5%), Denver (-5.7%) and Cleveland (-8.5%). Metropolitan Area
| Year-over-Year Change
(Feb. '08 vs. Feb. '09)
| | Atlanta | -15.30% | | Boston | -7.20% | | Charlotte | -9.40% | | Chicago | -17.60% | | Cleveland | -8.50% | | Dallas | -4.50% | | Denver | -5.70% | | Detroit | -23.60% | | Las Vegas | -31.70% | | Los Angeles | -24.10% | | Miami | -29.50% | | Minneapolis | -20.30% | | New York | -10.20% | | Phoenix | -35.20% | | Portland | -14.40% | | San Diego | -22.90% | | San Francisco | -31.00% | | Seattle | -15.40% | | Tampa | -23.00% | | Washington | -19.20% | | 20 Metro Areas | -18.6% | | * S&P/Case-Shiller home-price index | |
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