Seattle home prices fall 16.4 percent - Puget Sound Business Journal (Seattle):

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percent in March from a year earlier, whic is moving closer to the nationall average declineof 18.7 percent. A monthg earlier, the Standard & Poor’s/Case-Shiller Home Price a monthly index that tracks home pricee in 20major U.S. indicated a 15.4 percent home price drop in Seattle. Between Februaru and March, home prices in Seattl fell 2 percent. In the nation’s 20 largest cities coveref bythe study, the nationap average was a 2.2 percent drop for the same From March 2008 to March all 20 U.S. markets posted drops. The markets showing the smallest declines wereDenver (down 5.5 percent), Dallasa (down 5.
6 percent) and Boston (down 8 In Phoenix, home prices nosedived 36 percent in the past year and in Las they’ve fallen 31.2 percent. The survey trackd changes in the value of the residential real estate market by comparing sale pricesd of specific sample homes in a city at twodifferent times. The survey assigns an indexd number to each city and does not report actuaklhome prices. The indexd is a measure of how much home pricee have gone up or down in each market sinceJanuary 2000, which has been assigned a prics index of 100 in that market.