The credit crunch continues to hammer the housing market and with the recession in full swing the housing market is taking a beating nationwide.

The Case Shiller 20 City Housing Report for December, 2008 shows tough numbers with the best city, Boston down 1.3 percent and the worst, Phoenix down 5.1 percent for the month of December.

I added the 2 year numbers for the index this month to give perspective. The worst markets are down over 40 percent in the last 2 years while all real estate markets are down over the period of time.

Case Shiller December 2008 Report Shows Consistent Declines 

Metro Area      Dec-08  Nov08-Dec08   Dec07-Dec08    Dec06-Dec08

Phoenix         123.93     -5.1%        -34.0%          -44.0%
Los Angeles     171.46     -2.5%        -26.4%          -36.5%
San Diego       152.16     -2.1%        -24.8%          -36.1%
San Francisco   130.12     -3.8%        -31.2%          -38.7%
Denver          125.74     -1.5%        -4.0%           -8.3%
Washington      176.34     -2.2%        -19.2%          -26.7%
Miami           165.01     -2.7%        -28.8%          -41.3%
Tampa           156.04     -3.0%        -22.0%          -32.4%
Atlanta         113.87     -2.3%        -12.1%          -15.0%
Chicago         137.16     -3.0%        -14.3%          -18.2%
Boston          153.05     -1.3%        -7.0%           -10.1%
Detroit         80.93      -3.0%        -21.7%          -32.3%
Minneapolis     127        -4.6%        -18.4%          -24.8%
Charlotte       122.41     -2.5%        -7.2%           -5.0%
Las Vegas       131.4      -4.8%        -33.0%          -43.3%
New York        183.5      -1.7%        -9.2%           -14.2%
Cleveland       105.21     -2.1%        -6.1%           -12.0%
Portland        158.5      -2.5%        -13.1%          -12.1%
Dallas          115.63     -2.3%        -4.3%           -6.5%
Seattle         160.19     -3.6%        -13.4%          -12.9%
Composite-10    162.17     -2.3%        -19.2%          -27.1%
Composite-20    150.66     -2.5%        -18.5%          -25.9%

Related posts:

1. Case Shiller November 2008 Report Shows Consistent Declines in Major Cities
2. Case Shiller January 200 Report Shows Declines in Housing Speeding Up
3. Case Shiller Report For September 2009
4. Case Shiller Report For February 2009 Bleeds Red, Phoenix Down 50%
5. Case Shiller Down 18 Percent For October 2008