The latest Case-Shiller Index was just published with data through July 2011. The report does show seasonal improvements as should have been expected because this is during the peak home buying season. The Minneapolis area also showed some improvement although home prices are down 9.1% year over year.
Calculated Risk has some excellent analysis and charts.
Below are charts from the Case-Shiller press release. The chart below is the annualized return for the 10-city and 20-city composite index. Overall, it’s currently tracking down about 4% year over year.
(Click on any of the images to enlarge)
Chart below shows the short term price changes (May/June, and June/July)
Table below shows the annualized returns:
To see how your particular city is doing in the Twin Cities metro, it’s probably best if you check our the reports published by the Minneapolis Area Association of Realtors. You can check them out here.