Home Prices Drop 18.6%

Home prices declined in each of the 20 metropolitan areas tracked by the S&P/Case-Shiller home-price index.

The monthly index found that, from February 2008 to February 2009, prices dropped 18.6% across the 20 markets, with the biggest declines occurring in Phoenix (-35.2%), Las Vegas (-31.7%), San Francisco (-31%) and Miami (-29.5%). Markets with the smallest declines were Dallas (-4.5%), Denver (-5.7%) and Cleveland (-8.5%).

Visit this page for a complete table of the 20 cities tracked by S&P/Case-Shiller.