The 10 city index recorded a 1 month decline of 1.1% and a 12 month decline of 17.7% and the 20 city index recorded declines of 1% and 16.6%. Both measures represent an acceleration of price declines.
The indices are benchmarked to 100 for January, 2000.
| City | % Change | Annualized |
| DC-Washington | 94.9% | 8.1% |
| NY- | 92.8% | 8.0% |
| CA- | 89.2% | 7.7% |
| FL-Miami | 83.5% | 7.3% |
| WA-Seattle | 75.2% | 6.8% |
| FL-Tampa | 74.3% | 6.7% |
| OR-Portland | 71.9% | 6.5% |
| CA-San Diego | 68.2% | 6.3% |
| MA-Boston | 62.8% | 5.8% |
| CA-San Francisco | 51.4% | 5.0% |
| NV-Las Vegas | 50.5% | 4.9% |
| IL-Chicago | 49.5% | 4.8% |
| AZ-Phoenix | 44.8% | 4.4% |
| MN-Minneapolis | 41.9% | 4.2% |
| CO-Denver | 32.6% | 3.3% |
| NC-Charlotte | 32.1% | 3.3% |
| GA-Atlanta | 24.8% | 2.6% |
| TX-Dallas | 22.9% | 2.4% |
| OH-Cleveland | 10.5% | 1.2% |
| MI-Detroit | -7.6% | -0.9% |
I would guess that declines in Florida will be the most likely to continue, based on relative supply compared to the price appreciation experienced since 2000.
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