South Tampa Real Estate Market – 11/29/2009 – Home Price Index

This morning the S&P/Case-Shiller Home Price Index has been released.  The change in home prices were flat in the 20 city composite which came in at (-7.28%) for October with an adjusted September # of (-7.68%).  The consensus forecast was anticipated at (-7.10%).  As for the market of homes in Tampa, prices decreased slightly from September to October at (-1.6%)  which was greater than the (-.6%) decrease from August to September.   The year-over-year price change for homes in Tampa came in at a negative (-15.2%) which was better than the negative (-17.7%) we saw the prior month.