Twin Cities Home Prices Drop 14.4% Through September 2008 – S&P/Case-Shiller Index
The S&P/Case-Shiller Home Price Index was released yesterday. The trend in home prices continues to soften according to the S&P/Case-Shiller Index.  The Twin Cities showed a slight decline in September from August.  The index is showing the Twin Cities is down 14.4% year over year.
The 10 City and 20 City composite indexes are down 18.6% and 17.4%, respectively.
Here’s the 10 City and 20 City composite graph from the S&P press release: (Click on the graph to enlarge)
Below is the data table with all 20 cities: (Click on the graph to enlarge)
I have been tracking the data for the past several months. See graphic below. (Click to enlarge the graph):
Below is the same information but I am just showing the Twin Cities performance versus the 20 City Composite Index:
(Click on the graph to enlarge)
Only time will tell if we are bottoming right here in the Twin Cities or not.
