Sacramento-area home prices declined at nearly triple the national average during the past year, according to a new Loan Performance Home Price Index from First American CoreLogic.
The property research firm said September home prices in El Dorado, Placer, Sacramento and Yolo counties fell 28 percent from the same month in 2007. Nationally, September prices were down 11.2 percent from the previous September.
The firm tracks prices with a repeat sales index that measures hikes and declines for the same homes over time.
California led the nation with a yearlong price decline of 30 percent, First American CoreLogic reported. Prices have also fallen 25 percent in Nevada, 21 percent in Arizona, 17.5 percent in Florida and 14.3 percent in Hawaii.
Year-over-year prices fell 8.8 percent in Washington and 6.4 percent in Oregon, according to the tracking index.
Several states, including Texas, West Virginia, South Dakota, Missouri and Montana, reported slight price increases from September 2007 to September 2008.
– Jim Wasserman
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