If you want to keep your blogging license, you have to report the Case-Shiller monthly numbers. So dutifully from the WSJ Real Time Economics blog, here is the latest.
The National Index, which is released quarterly and covers a broader area than the monthly 20- and 10-city indexes, posted a 19% drop in the first quarter from a year earlier and a 7.5% decline from the fourth quarter.
In the 20-city index, no area experienced year-over-year price gains, the twelfth straight month that has happened. However, three cities managed to avoid month-to-month declines. Charlotte and Denver posted modest increases, and prices in Dallas were flat.
And here is the 20 city results:
About the numbers: The Case Shiller indices have a base value of 100 in January 2000. So a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the metro market.)
Metro Area | March 2009 | Change from February | Year-over-year change |
Atlanta | 104.89 | -1.7% | -15.7% |
Boston | 145.83 | -2.0% | -8.0% |
Charlotte | 119.3 | 0.3% | -9.3% |
Chicago | 122.34 | -3.1% | -18.6% |
Cleveland | 96.86 | -0.9% | -9.0% |
Dallas | 112.38 | 0.0% | -5.6% |
Denver | 120.35 | 0.1% | -5.5% |
Detroit | 70.98 | -4.9% | -25.7% |
Las Vegas | 116.44 | -3.8% | -31.2% |
Los Angeles | 160.88 | -1.4% | -22.3% |
Miami | 148.87 | -3.5% | -28.7% |
Minneapolis | 109.12 | -6.1% | -23.3% |
New York | 173.35 | -2.5% | -11.8% |
Phoenix | 106.83 | -4.5% | -36.0% |
Portland | 147.68 | -2.1% | -15.3% |
San Diego | 144.56 | -1.5% | -22.0% |
San Francisco | 117.77 | -2.2% | -30.1% |
Seattle | 149.03 | -2.0% | -16.4% |
Tampa | 141.37 | -2.7% | -22.4% |
Washington | 166.01 | -1.2% | -18.4% |