This latest data represents four straight months of the index declining from the prior month. That hasn’t occurred since the bottom of the local housing market in March 2012.  Prices are still up from a year ago but that rate of increase has been continually slowing down for over two years now. 

Looking at the other markets tracked by the index, Las Vegas NV and Phoenix AZ continue to have the largest declines off their market peaks of 19% and 18% respectively. When looking at the 20 city composite as a whole, the latest index reading is 213.7 which is essentially flat over the past 5 months.

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