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Case Shiller: DC Home Prices Drop Slightly

  • January 25th 2011

by Mark Wellborn

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November home prices nationwide dropped about one percent compared with October prices, according to the latest S&P/Case-Shiller Home Price Index. Even in DC, a city that has gone in the opposite direction of the rest of the country in terms of home prices over the last several months, prices dropped 0.1 percent, although year-over-year prices increased 3.5 percent in the area.

Case Shiller: DC Home Prices Drop Slightly: Figure 1
Courtesy of S&P/Case-Shiller

From the Standard and Poor’s press release:

With an annual growth rate of +3.5% in November, Washington DC was the strongest market, but still well below the +7.7% annual rate of growth seen in May 2010. The only city with a gain in November was San Diego, up a scant 0.1%.

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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/case_shiller_dc_home_prices_drop_slightly/2897.

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