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Home price data from S&P Cotality for September was posted this week and showed that not one of the twenty cities tracked by Case Shiller saw a month-over-month gain. Tampa, Seattle, and San Diego saw the biggest monthly drops, while Detroit and Cleveland were down the least.

Below is a table showing home price movements over various time frames for the twenty cities tracked along with the national and composite indices.
 

Over the last year, gains and losses are split roughly 50/50 across the country.  East coast and mid-west cities like Chicago, New York, Boston, Cleveland, and Detroit are all up 4%+ over the last year, while home prices in Tampa, Phoenix, Dallas, and Miami are down the most with drops of more than 1%.
 

A year or so ago, nearly every city tracked by Case Shiller was sitting at record highs, but now there's not one city that hasn't seen at least a small drop from all-time highs.

As shown below, San Francisco home prices are in the biggest drawdown at -10.1%, followed by Phoenix (-5.9%), Seattle (-5.5%), and Denver (-5.1%).
 

While prices have begun to dip a bit, they're still up massively since February 2020 just before COVID hit.  The composite indices tracking the entire country are still up more than 50% since COVID, while Miami, Charlotte, San Diego, Tampa, and New York are up the most at more than 60%.

The cities where home prices are up the least versus February 2020 levels are San Francisco, Portland, Minneapolis, Denver, and DC, but even these cities are still up more than 30%.
 

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