While the year over year results for the June, 2008 Case Shiller report will make ones toes curl, the month over month is not that bad. 9 of the 11 reporting markets saw an upswing which we have not seen a in a long while.

The cities that were down were in the worst hit markets of Florida, California, and Arizona predominantly with a little Vegas, Washington, and the Pacific Midwest thrown in. All of these cities excepting Seattle and Portland have double digit declines year over year.

So what does this tell us, that the cities that overextended are still dropping, but those that are more affected by the credit crunch are bottoming out and could be on an upswing.

Case Shiller Report For June, 2008

Metro Area      6/08   Chg 05/08  YOY  

Atlanta         125.08  0.6%      -8.1%
Boston          162.32  1.2%      -5.2%
Charlotte       133.64  0.4%      -1.0%
Chicago         150.25  0.2%      -9.5%
Cleveland       109.67  0.7%      -7.3%
Dallas          122.38  0.7%      -3.2%
Denver          131.64  1.5%      -4.7%
Detroit         92.68   -0.1%     -16.3%
Las Vegas       158.51  -1.6%     -28.6%
Los Angeles     195.74  -1.4%     -25.3%
Miami           189.87  -1.7%     -28.3%
Minneapolis     141.50  1.0%      -13.9%
New York        194.22  0.2%      -7.3%
Phoenix         153.19  -2.6%     -27.9%
Portland        175.03  -0.3%     -5.8%
San Diego       175.37  -1.5%     -24.2%
San Francisco   159.83  -1.8%     -23.7%
Seattle         178.28  -0.2%     -7.1%
Tampa           175.11  -1.1%     -20.1%
Washington      197.39  -0.9%     -15.7%

Related posts:

1. Case Shiller June 2009 Report is Full of Good News!!!
2. Case Shiller Down 18 Percent For October 2008
3. Case Shiller December 2008 Report Shows Consistent Declines
4. Case Shiller November 2008 Report Shows Consistent Declines in Major Cities
5. Case Shiller March 2009 Numbers – Las Vegas and Phoenix Down 50 Percent