Prices are up and down here, depending on ‘here’

Metropolitan Area NSA SA NSA SA
Atlanta -0.8% -0.7% -0.3% 0.1%
Boston -0.3% -0.1% -0.6% 0.0%
Charlotte -0.4% -0.4% -0.2% -0.5%
Chicago -0.4% 0.4% -0.4% 1.0%
Cleveland -0.3% -1.1% -0.0% 0.6%
Dallas -1.1% -1.1% -1.1% -0.7%
Denver -0.1% -0.1% -1.4% -0.9%
Detroit -0.5% 0.5% -1.6% 0.1%
Las Vegas -0.1% -0.5% -0.8% -1.5%
Los Angeles -0.4% -0.9% -0.3% -0.4%
Miami -0.3% -0.3% -0.7% 0.2%
Minneapolis -0.3% -0.7% 10.7% -1.8%
New York -0.2% 0.0% 1.2% 0.9%
Phoenix -1.3% -2.2% -0.6% -1.5%
Portland -0.9% -0.8% -0.3% -0.9%
San Diego -0.6% -0.6% 0.7% -0.2%
San Francisco -0.3% -0.8% 0.5% -0.7%
Seattle -0.8% -1.0% -0.1% 0.2%
Tampa -0.5% -0.4% -0.2% -1.4%
Washington 0.3% 0.0% 1.0% 0.5%
Composite 10 -0.1% -0.2% 0.8% 0.0%
Composite 20 -0.2% -0.3% 0.6% -0.2%

Source: Standard & Poor’s and Fiserv
Data through August 2010

If you’re wondering about about Manhattan prices, pay absolutely no attention to the Case-Shiller indices.  The erroneously defined “city” statistics are shown above.

As I never tire of repeating, the numbers do not reflect what really is happening in cities (though the trends are of some interest).

Not only does Case-Shiller ignore sales of co-ops and condos, Continue reading