Home > Uncategorized > A Look at Case-Shiller Numbers, by Metro Area.

A Look at Case-Shiller Numbers, by Metro Area.

January 27, 2012 Leave a comment Go to comments

The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed price declines continued in July. While the pace of decline appeared to slow, experts warned there is still no sign of a bottom. No area experienced year-over-year price gains in July, the fourth straight month that has happened.

Seven of the 20 regions were able to avoid price declines in July over June, though one of them — Tampa — didn’t post a rise either, as its prices were flat. Gainers were led by Minneapolis with a 1.3% rise.

The other month-to-month gainers included Atlanta, Boston, Dallas, Denver and Minneapolis, all of which have reported positive returns for three months or more. Detroit also joined the group with a 0.6% rise. But Charlotte, which had four consecutive months of month-to-month gains until July, slipped into the red with a 0.2% decline. Dallas is now the only area to have five consecutive months of month-to-month growth.

Month-to-month decliners were led by Las Vegas and Phoenix, which slid 2.8% and 2.7%, respectively.

Las Vegas, Phoenix and Miami again posted the largest year-over-year drops, all posting declines in excess of 28%.

  • See  the full S&P/Case-Shiller report.
  • Read full story: Home Prices Continue to DeclineBelow, see data from the 20 metro areas Case-Shiller tracks, sortable by name, level, and year-over-year change — just click the column headers to re-sort. (About the numbers: The Case Shiller indices have a base value of 100 in January 2000. So a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the metro market.)
    Metro Area    July 2008    Change from June    Year-over-year change   
    Atlanta 125.23 0.4% -8.2%
    Boston 162.58 0.2% -5.4%
    Charlotte 133.20 -0.2% -1.8%
    Chicago 149.60 -0.4% -10%
    Cleveland 109.35 -0.3% -7.8%
    Dallas 123.16 0.6% -2.5%
    Denver 132.67 0.8% -4.7%
    Detroit 93.21 0.6% -16.7%
    Las Vegas 154.15 -2.8% -29.9%
    Los Angeles 192.55 -1.6% -26.2%
    Miami 186.84 -1.6% -28.2%
    Minneapolis 143.43 1.3% -13.1%
    New York 192.92 -0.8% -7.4%
    Phoenix 149.09 -2.7% -29.3%
    Portland 174.21 -0.5% -6.6%
    San Diego 172.20 -1.8% -25.0%
    San Francisco 156.88 -1.8% -24.8%
    Seattle 176.51 -1.0% -8.2%
    Tampa 175.07 0.0% -19.4%
    Washington 195.49 -0.8% -15.8%
    Source: Standard & Poor’s and FiservData
Categories: Uncategorized
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