The S&P/Case-Shiller median home price numbers for September were released today, and below we highlight some key stats from the report. In the first chart below, we highlight the percentage decline from each city's respective peak. As shown, Phoenix has seen the biggest declines with a fall of 39%. Las Vegas is not far behind Phoenix at -38%, and Miami, San Diego, San Francisco, and Los Angeles have all seen declines of 30% or more as well. Dallas and Charlotte have held up by far the best with declines of just 4% from their peaks.
All cities saw month-over-month and year-over-year declines in September. San Francisco and Phoenix saw the biggest month-over-month declines while Cleveland held up the best. The Composite 10-city and 20-city indices saw month-over-month declines of 1.84% and 1.77% respectively. As the data shows, things didn't get any better in September, and they've more than likely gotten worse in October and November.
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