The Altos Research Real-Time Housing Market Update for November 2010 is here. Quote:
The Altos 10-City Composite price declined 1.6% to the first week of November and is off by 3.09% over the last three months. Prices are off most notably in Phoenix, Miami and the California cities. Inventory is declining except in Las Vegas, San Diego, and Phoenix.
November 2010 Highlights
The Altos 10-City Composite is now at $458,518, off 1.60% from last month.
Home prices fell in 25 of the 26 markets covered in the report.
Cities that felt decreases most sharply were San Diego (-3.28%), Salt Lake City (-3.27%), and Phoenix (-3.11%).
Three of the 26 markets covered in this report showed increases in inventory, and nationally, inventory was down 4.64%.
