Charlotte, N.C. (-3.8%): Charlotte-area home prices ended last year at a new low for this downturn but with a smaller decline than the previous year, based on a closely watched index released today.
As of December, area prices had fallen 3.8 percent compared with December 2008, according to the S&P/Case-Shiller Home Price Index. That’s an improvement over 2008, when Charlotte prices first turned negative, and the market saw a 7.2 percent decline, but still below the national decline of 2.5 percent for last year.
--- Charlotte Observer
PHOTO: Newscom/File
