Atlanta home price decline beats national average

ATLANTA - The rate in the decline of prices on existing homes is slower in Atlanta than the national average.

The S&P Case-Shiller index released Tuesday showed the average price of metro Atlanta homes dropped 0.42 percent from March to April. But numbers that were not adjusted to account for seasonal changes showed the average home price has increased by 0.3 percent over the same time, a first since July 2007, according to the data.

Year-over-year, the average price of a metro Atlanta home dropped by 15 percent.

The 20-city index fell by 1 percent month-over-month and 18 percent year-over-year.