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Case Shiller Shows Another Decline in Q4 2008

October 1st, 2008 · No Comments

The Case Shiller Home Price Index released it’s 4th quarter report yesterday showing a decline nationally of 16.3%. The Tampa area which represents all of central Florida for the index showed a year over year decline of 19.4% and none of the 20 metropolitan area tracked by the index showed any price gains. Las Vegas continues to be the weakest market with declines of 29.9%.

Here’s the results for the 4th quarter:

Metropolitan      July 2008  July/June   June/May        1-Year
     Area              Level     Change (%)  Change (%)     Change (%)
    ----------------  --------   ----------  ----------  --------------
    Atlanta           125.23        0.4%        0.3%              -8.2%
    Boston            162.58        0.2%        1.2%              -5.4%
    Charlotte         133.20       -0.2%        0.2%              -1.8%
    Chicago           149.60       -0.4%        0.1%             -10.0%
    Cleveland         109.35       -0.3%        0.7%              -7.8%
    Dallas            123.16        0.6%        0.7%              -2.5%
    Denver            132.67        0.8%        1.5%              -4.7%
    Detroit            93.21        0.6%       -0.1%             -16.7%
    Las Vegas         154.15       -2.8%       -1.6%             -29.9%
    Los Angeles       192.55       -1.6%       -1.4%             -26.2%
    Miami             186.84       -1.6%       -1.7%             -28.2%
    Minneapolis       143.43        1.3%        0.9%             -13.1%
    New York          192.92       -0.8%        0.1%              -7.4%
    Phoenix           149.09       -2.7%       -2.6%             -29.3%
    Portland          174.21       -0.5%       -0.3%              -6.6%
    San Diego         172.20       -1.8%       -1.5%             -25.0%
    San Francisco     156.88       -1.8%       -1.8%             -24.8%
    Seattle           176.51       -1.0%       -0.2%              -8.2%
    Tampa             175.07        0.0%       -1.1%             -19.4%
    Washington        195.49       -1.1%       -0.8%             -15.8%
    Composite-10      178.46       -1.1%       -0.6%             -17.5%
    Composite-20      166.23       -0.9%       -0.5%             -16.3%
    ------------      ------       -----       -----             ------
    Source: Standard & Poor's and Fiserv

Tags: Market Statistics