A reader asked that we provide the year-over-year changes in median home prices following our earlier post on the Case-Shiller numbers today, so we have done so below. As shown, the composite indices are still down about 13% year-over-year, but this is up from the -20% readings we saw earlier this year. Las Vegas is down the most year-over-year at -31%, followed by Phoenix (-28%), Detroit (-25%), and Miami (-21%). These four cities are the only ones with year-over-year declines of 20% or more. Boston, Denver, Dallas, and Cleveland are all at -5% YoY or better.
We also provide long-term charts of the year-over-year percentage change in median home prices for the 20 cities that S&P/Case-Shiller tracks along with their 10-city and 20-city composite indices. Some cities look to really be turning the corner, while others are still dragging.