Significant Findings:
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Of the nine Census Divisions, the Mountain and Pacific Divisions experienced the most significant price movements in the latest quarter. While prices fell 1.3 percent in the Mountain Division, typical price increases were 1.5 percent in the Pacific Division.
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Seasonally adjusted, purchase-only indexes indicate that prices rose in the latest quarter in 27 states and Washington, D.C. Prices rose over the latest four quarters in 19 states.
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As measured with purchase-only indexes for the 25 most-populated metropolitan areas in the U.S., four-quarter price declines were greatest in the Miami-Miami Beach-Kendall, FL area. That area saw price declines of 12.9 percent between the fourth quarters of 2008 and 2009. Prices held up best in the Washington-Arlington-Alexandria, DC-VA-MD-WV area, where prices rose 10.6 percent over that period.