Updated Case-Shiller Median Home Price Data

October was an ugly month for home prices across the country, as all 20 of the cities that S&P/Case-Shiller tracks were down on a month over month basis. The Composite 10-city index was down 1.4% month over month and 6.7% year over year. The 6.7% year over year decline was the biggest fall in the index's history. As shown, San Diego was down the most month over month, followed by Detroit, Las Vegas and Phoenix. Chicago, New York and Portland were down the least from September to October, but they were still down. Only three cities (Seattle, Charlotte and Portland) remain up on a year over year basis, but these gains are falling rapidly. Below we highlight historical year over year monthly percent changes in the Case-Shiller median home price indices. The charts provide a great picture of the abrupt stop and subsequent fall in nationwide real estate prices.