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St Louis Home Prices Down 9.3 Percent from Year Ago

Dennis Norman St Louis

A report released this morning by CoreLogic shows home prices in the St. Louis declined in March by 9.3 percent from the year before which is a larger decline than the month before when St Louis home prices were down 7.24 percent from the year before.

National Home Price Highlights as of March 2011

    • Including distressed sales, the five states with the highest appreciation were: West Virginia (+7.7 percent), North Dakota (+4.1 percent), New York (+3.5 percent), Alaska (+2.4 percent) and Maine (+0.4 percent).
    • Including distressed sales, the five states with the greatest depreciation were: Idaho (-13.3 percent), Arizona (-12.3 percent), Michigan (-11.9 percent), Florida (-10.6 percent) and Illinois (-10.6 percent).
    • Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+11.5 percent), New York (+4.5 percent), Mississippi (+4.4 percent), North Dakota (+4.1 percent) and Alaska (+4.0 percent).
    • Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-8.9 percent), Idaho (-8.8 percent), Arizona (-6.6 percent), Maine (-6.6 percent) and Minnesota (-5 percent).
    • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to March 2011) was -34.8 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -22.5 percent.
    • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 92 are showing year-over-year declines in March, an increase over February when 85* of the top CBSAs were showing year-over-year declines.
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