AgentIndustry News

Home prices sink in 20 metro areas

Index: Double-digit-percentage declines reported in nine metros
Published on Mar 3, 2008

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by CareyBot

The price per square foot of homes fell in 20 of 25 U.S. metro areas tracked in December compared to the same month in the previous year, according to a monthly index report by real estate research and analytics company Radar Logic Inc.

Sacramento, Calif., had the largest index decline during a 28-day period in December 2007 compared to the same period in 2006, with the price per square foot falling 23.7 percent, according to the RPX index report by Radar Logic.