Market Conditions

Home Values for the Top 20 Markets

The annual growth rate in prices of existing single family homes across the United States continued to decline for the 18th consecutive month in May, according to the Standard & Poor’s/Case-Shiller Home Price Index.

Overall, the top 20 cities in the index declined 2.8 percent year-over-year, although five of the cities showed increases.

Cities measured by the index where values have increased in the 12 months are Atlanta, Charlotte, Dallas, Portland, and Seattle. Detroit continues to lead the metro areas in growth rate declines, down 11.1 percent from a year ago.

Here are the top 20 metropolitan areas and the percent of change in their real estate values over the last year:

• Atlanta: 1.7 percent
• Boston: -4.3 percent
• Charlotte: 7 percent
• Chicago: -0.6 percent
• Cleveland: -2.8 percent
• Dallas: 1.8 percent
• Denver: -1.4 percent
• Detroit: -11.1 percent
• Las Vegas: -4.1 percent
• Los Angeles: -3.3 percent
• Miami: -3.3 percent
• Minneapolis: -3.5 percent
• New York: -2.3 percent
• Phoenix: -5.5 percent
• Portland: 5.7 percent
• San Diego: -7 percent
• San Francisco: -3.4 percent
• Seattle: 9.1 percent
• Tampa: -6.7 percent
• Washington, D.C.: -6.3 percent