Market, News

Atlanta home prices show continued shallowing

Standard & Poor’s released the Chase-Shiller Home Price Indices this morning, showing that the decline in home prices in Atlanta seems to be shallowing.

The data, good through March 2009, show that the metropolitan Atlanta area experienced a 1.7 percent drop in home prices versus February.

February’s drop was 2.5 percent versus January. And January’s decline was 3.2 percent from December 2008.

Still, Atlanta’s home prices show a year-to-year decline of 15.7 percent.

While three months of smaller declines is a positive sign for the city, home prices nationwide are still experiencing significant downward pressure. Nine of the cities tracked by Case-Shiller in fact had record declines in March.

 

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