The US housing market as measured by the Case-Shiller Index shows relatively steady prices on a sequential basis and slight year-over-year declines in August 2011. There was a 0.2% increase in the major Case-Shiller composites in August 2011 over July 2011. On a year-over-year basis, the major composites showed about a 3.5% decline in August 2011.
The average home price in the US were back to the levels in mid-2003. The average US home, when measured from their peak in June/July 2006, are down about 31.0%.
The South Florida market was down about 0.3% on a sequential basis in August 2011 and down about 4.6% on a year-over-year basis.
Some other markets of interest were as follows:
August 2011 August/July July/June
Metropolitan Area Level Change (%) Change (%) 1-Year Change (%)
Boston 155.59 -0.1% 0.8% -1.7%
Chicago 119.40 1.4% 1.9% -5.8%
Miami 140.75 -0.3% 1.2% -4.6%
Minneapolis 115.62 0.4% 2.7% -8.5%
New York 169.19 0.4% 1.2% -3.4%
Tampa 129.51 -0.1% 0.8% -5.8%
Composite-10 156.36 0.2% 0.8% -3.5%
Composite-20 142.84 0.2% 0.9% -3.8%
As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at www.langrealty.com/agents/michael-friedman
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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