by Calculated Risk on 12/26/2007 11:13:00 AM

The Case-Shiller data (previous post) shows three cities with year-over-year price increases: Charlotte (4.3% increase), Seattle (3.3%), and Portland, OR (1.9%).

Click on graph for larger image.

This graph shows the Case-Shiller prices for these three cities compared to the Case-Shiller composite 10 price index.

All three cities had less appreciation than the composite, the significant price appreciation started later than other areas, and prices appear to be falling in recent months. It appears that all three cities (and all 20 cities in the Case-Shiller index) will be showing year-over-year price declines by spring 2008.