DALLAS (Dallas Morning News) – Area home prices were positive in November for the first time since September 2007, according to Standard & Poor’s Case-Shiller Home Price Index, released today.
Dallas area residential values increased 1.4 percent in November from one year earlier, which was the best performance of the 20 cities tracked in the monthly survey.
However, Dallas home prices fell 0.6 percent in November 2009 from October, according to Case-Shiller. Home values bottomed out in the index in March 2009 when prices were down 5.6 percent.
Prices declined 5.3 percent for all cities from a year ago.
Case-Shiller tracks the prices of typical single-family homes, excluding condominiums and townhouses, comparing sales of specific properties over time.