NEW YORK (CNNMoney.com) -- February home prices posted record declines according to the S&P Case/Shiller Home Price Index, which was released Tuesday.
In all, 17 of the 20 cities on the S&P Case/Shiller Home Price Index posted the largest year-over-year declines ever recorded by the Index; ten cities posted double-digit dips.
The 20-city index is down 12.7%, while the 10-city Case/Shiller index is down 13.6% year-over-year.
"There is no sign of a bottom in the numbers," S&P spokesman said M. Blitzer, said in a prepared statement. "Prices of single family homes continue to drop across the nation."
Prices in the Las Vegas metro area have plunged more than any other city, down 22.8% over the 12 months through February. Miami prices plummeted 21.7%. In Phoenix, they've fallen 20.8%.
Of the 20 cities Case/Shiller tracks, only Charlotte, N.C. showed higher prices , up 1.5% over the 12-month period. Other metro areas recorded modest price declines, including Portland, Ore., down 2.0%, Seattle, off 2.7% and Dallas, 4.1%. In the nation's largest city, New York, metro area prices dropped a modest 6.6%. See Also
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