How The Cities Did in January

January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows.  Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC.  Across all 20 cities, the average gain from the low is 2.3%; if one only counts those above their lows the average would be 3.6%.  The biggest drop from peak to bottom,61.6%, got a little bigger as Las Vegas hit a new low.  Among the Sun Belt, Las Vegas and Tampa continue to drift lower; Miami and Phoenix are at least not making new bottoms. The table gives the overall data.

Comparing the 20 Cities

Source: S&P/Case-Shiller Home Price Indices

The city ranks by their peak level, trought, percentage delcine and rebounds are shown on the second table:

 

City Ranks

 

 

The posts on this blog are opinions, not advice.
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