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St Louis Real Estate Search

Home Prices Decline for Fourth-Straight Month

Today, CoreLogic released its November Home Price Index (HPI) showing that home prices in the U.S. declined for the fourth-straight month. The report shows home prices declined by 5.07 percent in November 2010 compared with November 2009.

St. Louis home prices fell by 7.57 percent in November 2010 compared with November 2009, right at 50 percent more than the national home price decline.

Other Report Highlights:

  • The five states with the highest price increases in November, compared with the year before, were: Maine (+8.58 percent), North Dakota (+4.41 percent), Wyoming (+3.67 percent), New York (+2.07 percent) and Vermont (+1.78 percent).
  • The five states with the greatest price declines for the period were: Idaho (-13.56 percent), Alabama (-11.18 percent), Arizona (-10.38 percent), Oregon (-9.26 percent) and Mississippi (-8.37 percent).
  • If we take the distressed sales out of the picture, the five states with the highest price increases were: Wyoming (+6.47 percent), North Dakota (+4.91 percent), Maine (+4.46 percent), New York (+3.96 percent), and District of Columbia (+3.54 percent).
  • Again, excluding distressed sales, the five states with the largest price declines were: Idaho (-10.42 percent), Alabama (-7.82 percent), Arizona (-7.81 percent), Nevada (-6.13 percent) and Washington (-6.05 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to November 2010) was -30 percent.
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