Case Shiller Index Declines 19.1% in Q1 ‘09

Well, I asked for lower prices earlier, and that’s what we got:

Home prices continued falling at record paces, according to the Case Shiller Home Price Index.

Annual (-19.1%), quarterly (-7.5%) and monthly (-2.2%) data continue to show prices reverting back towards levels not seen for years.

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March 2009 Case Shiller Home Price Index

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As of the most data, prices have returned to 2002 levels; Will pre-2000 levels be next?

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S&P/Case-Shiller U.S. National Home Price Index

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Originally published at The Big Picture and reproduced here with the author’s permission.