Sunday, January 16, 2011

Jax home prices fall harder than state

Home prices in Jacksonville declined by 9.2 percent year-over-year in November, higher than the average for Florida, according to data CoreLogic released Tuesday.

Excluding distressed transactions, year-over-year the home price index [HPI] in Jacksonville for November was negative 6.76 percent.

In Florida, the HPI declined by 4.9 percent year-over-year in November. When distressed sales are factored in, HPI declined by 8.2 percent.

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