The Standard & Poor's/Case-Shiller home-price index shows prices dropped in January from December in 16 of 19 cities tracked.
The steepest declines were in San Francisco, Atlanta and Portland. Prices increased in Miami, Phoenix and Washington. Price information for Charlotte was delayed and therefore not included in the report.
The declines partly reflect typical offseason sales. The month-over-month data are not adjusted for seasonal factors.
Still, prices fell in 17 of the 20 cities in January compared to the same month in 2011. That suggests the housing market remains weak, despite the best winter for sales in five years.
Here's a look at home prices in the 20 major U.S. compared to one month and one year ago:
The first figure is the change from December 2011 to January 2012; the second figure is the change from January 2011 to January 2012. Numbers are percentages. Price information for Charlotte for the past twelve months was delayed and therefore not included in the report.
Atlanta -2.1 -14.8
Boston -0.4 -2.8
Charlotte, N.C. -- --
Chicago -1.9 -6.6
Cleveland -2 -3.3
Dallas -0.4 -1.2
Denver -0.6 0.2
Detroit -1.1 1.7
Las Vegas -0.5 -9
Los Angeles -0.8 -5.4
Miami 0.6 -1.9
Minneapolis -0.8 -1.8
New York -0.8 -2.9
Phoenix 0.9 1.3
Portland, Ore. -2.1 -4.3
San Diego -1.1 -5.3
San Francisco -2.5 -5.9
Seattle -0.7 -4
Tampa, Fla. -0.8 -3.8
Washington 0.7 -0.6
http://accesswdun.com/article/2012/3/246906