While the headline number does not appear great being that the Minneapolis area again printed a negative home price average in the latest Case-Shiller Index, this is showing signs of continual monthly improvement over the past 6-8 months. If you are a regular reader, then you know that for a while in 2011, Minneapolis was consistently one of the worst performing markets in the country as we were down 9-12% year over year. However, those kinds of year over year negative prints are likely history.
Case-Shiller published its latest findings today on home prices. Across America, home prices overall declined again by about 4% year over year. The data was published for the month of December. Minneapolis continues to perform slightly worse than the overall indices.
Below are some charts to provide a visual to the data released today. All the charts are from S&P/Case-Shiller and McGraw-Hill Financial.
(Click on chart to enlarge the image)
For additional commentary on the latest Case-Shiller Home Price Index you may want to read the post at Calculated Risk.
- Case Shiller: What Housing Bottom? (ritholtz.com)
- Local Home Prices Outpaced by Inflation since 2000 (seattlebubble.com)
- Home prices fell in December in most US cities (tarpon.wordpress.com)