The Case-Shiller Index was released yesterday and the Twin Cities once again reported a 20% decline in home prices. The report this week was for the month of February 2009.
The headline for the Case-Shiller release this week was as follows, “The Pace of the Decline in Residential Real Estate Prices Slowed in February According to the S&P/Case-Shiller Home Prices Indices.”
Below are the key graphs from the Case-Shiller release.
Percentage Declines in the 10 and 20 city composite indices.
Relative price increases and decreases:
Case-Shiller Index data table through the month of February 2009:
Graphical view of the 20 Cities for the past 13 months:
Twin Cities versus 20 City Composite:
I didn’t publish last month’s report. If you’re looking for that press release from Case-Shiller, you can find it here.
The Minneapolis Area Association of Realtors just published data through March 2009 that shows our overall metro average and median home prices are down about 22.5% year over year.