Case-Shiller Index: October 2011: Slow Price Decrease Continues: Homes For Sale: Homes For Rent

The Case-Shiller Index data for October 2011 show a continued year-over-year decline in the low single digits for the US housing market.

The nation saw the price of homes decline by about 3.0% to 3.5% on a year-over-year basis in October 2011; the sequential decline was about 1.2%.

Another noteworthy statistic, in our view, is existing home sales are still near a low annual rate of 4.0 million in November 2011.

The South Florida market trended with the nation as a whole in October 2011. The year-over-year decline was 4.0% and the sequential decrease was 1.2% in October 2011.

Other areas of note:

October 2011 October/September September/August
Metropolitan Area Level Change (%) Change (%) 1-Year Change (%)

Boston 152.70 -1.1% -0.8% -1.1%

Chicago 116.40 -1.8% -0.8% -4.8%

Miami 138.20 -1.2% -0.7% -4.0%

Minneapolis 111.27 -2.8% -1.0% -8.4%

New York 168.12 -1.2% -0.1% -2.0%

Tampa 126.71 -0.5% -1.5% -6.1%

Composite-10 154.10 -1.1% -0.5% -3.0%

Composite-20 140.30 -1.2% -0.7% -3.4%

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