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Washington DC in line with Averages reported on S&P / Case-Shiller Home Prices Report
By robertearl | April 30, 2008
The February S&P/Case-Shiller Median Home Price data was released Tuesday, and as shown in the table at right, the Composite 10-City and Composite 20-City year-over-year declines were once again extremely negative.
Las Vegas, Miami and Phoenix all registered 20% year-over-year declines, while Los Angeles, San Diego, Tampa and San Francisco weren’t far behind. While Miami has fallen 22% from its highs, it still has the highest median home price at $218,740. Chicago was down 8.5% from 2/07 to 2/08, while New York was down 6.5%. Charlotte was the only city that maintained year-over-year gains at 1.48%.(seekingalpha.com)
Topics: Buy a Home, Northern Virginia Real Estate, Sell your Home |