In a review of the latest S&P/Case-Shiller Home Price Indices (HPI). Keep in mind that all of the charts in this series of posts are based on the seasonally-adjusted data provided by S&P. For the full source data behind this post, plus non-seasonally adjusted data, hit the S&P/Case-Shiller website (requires free registration).
For an explanation of how the Case-Shiller data is calculated, check out their methodology pdf. Also remember that the data released on the last Tuesday of a given month is for the period two months prior (i.e. – December data is released in February).
Here are the basic Case-Shiller stats for the Los Angeles area (which Case-Shiller defines as LA and Orange Counties) as of December:
December 2009
Month to Month: Up 1.0% (raw)
Month to Month: Up 1.7% (seasonally adjusted)
Year to Year: flat
Prices last at this level in: November 2003 (& Dec.2008)
Peak month: September 2006
Change from Peak: Down 37.4% in 39 months