Home Prices January 2009

Home prices continue to fall nationwide. Overall, home prices dropped by 19% when compared to last year’s prices. Most noteworthy is probably the fact that Chicago appears in the top declines for the first time.

Click on image to enlarge.

Top 3 annual declines:

1. Phoenix, AZ: 35%
2. San Francisco, CA: 32%
3. Las Vegas, NV: 32%

Top 3 monthly declines:

1. Phoenix, AZ: 5.5%
2. Minneapolis, MN: 5.37%
3. Chicago, IL: 4.64%

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