At right we highlight the month over month and year over year changes in median home prices from the March S&P/Case-Shiller figures. As shown, Las Vegas is down the most at nearly 26% versus March 2007, followed by Miami, Phoenix, LA, San Diego and San Francisco. Charlotte is the only city that showed an increase in median home prices from 3/07 to 3/08.
Things weren't much better on a month over month basis. Las Vegas and Miami both fell more than 4% from February to March. Dallas and Charlotte were the only two cities to show month over month gains.
The Composite 10-city index was down 15.3% from 3/07 to 3/08, and it is now down 17.78% from its peak in June 2006.
Below we provide historical year over year changes (%) in median home prices for the 20 cities that S&P/Case-Shiller tracks along with their two composite indices.