Home Prices Fell in Majority of Top 150 Markets in 4Q07

For those interested, the National Association of Realtors released their Q4 '07 home price survey today. The report showed that half (73 out of 150) of the cities analyzed showed increases in year over year prices in the fourth quarter.

Below we provide a table of the cities that saw the biggest gains and declines in home prices. On a regional basis, the West saw the biggest declines at -8.7%, while the Midwest saw the smallest declines at -3.2%. Overall, home prices in the US declined by 5.8% in Q4 '07 versus a year ago. Please click here to view a PDF of the prices for all 150 cities.

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