This morning, the S&P/Case-Shiller Index report for February was released which showed both the 10-city and 20-city composites, after both hitting record low levels in the two prior months, fell further in February to 146.90 (the lowest since April 2003) and 134.20 (the lowest since October 2002) respectively.. The 10-city and 20-city composites saw annual price decline of 3.6 percent and 3.5 percent respectively and both saw price declines of 0.8 percent in February from January.
|
||||
Home prices fall to lowest levels in almost 10 years; 20-city case shiller lowest since October 2002
By: Dennis Norman According to the S&P/Case-Shiller Home Price Indices, home prices in July declined 12.8 percent from a year ago in their 10-city composite and 13.3 percent in their 20-city composite. On a positive note, all 20 metro areas showed an improvement in the annual rates of decline when comparing July to June.  Continue reading “Average home prices across US are about where they were six years ago“ |
 |
|||
St. Louis home prices decreased 4.3 percent in August from the month before and were down less than one percent from a year ago. The median home price in August 2011 in the five-county core of the St. Louis market (St Louis City & County, St. Charles, Jefferson & Franklin Counties) was $134,000. This put’s St. Louis home price performance below the Case-Shiller home prices announced this morning for the 20 largest metro’s in the U.S. (St. Louis is not included) which showed a 0.2 percent increase from the month before but ahead of the 3.8 percent decrease in U.S. home prices from a year ago. 