According to a recent report by Radar Logic, a real estate data and analytics company, homes are less expensive on a $/sqft basis now than they were 1 year ago.
Seattle is down 1.4% from February 2007, however our area led the group of 25 metro areas with a 6.2 percent two-year annualized gain in price per square foot, while Sacramento, Calif., suffered the largest loss during that period at 18.8 percent. Seattle led with a five-year annualized gain of 9.6 percent, while Detroit was last on the list with a 2.5 percent five-year annualized loss.
February 2008 RPX Index
| Rank | MSA | % change Feb '07-Feb '08 |
| 1 | Charlotte, N.C. | 3.6% |
| 2 | Milwaukee, Wis. | 3.4% |
| 3 | New York, N.Y. | 1.1% |
| 4 | Seattle, Wash. | -1.4% |
| 5 | Columbus, Ohio | -1.7% |
| 6 | Philadelphia, Pa. | -3.9% |
| 7 | Denver, Colo. | -5.4% |
| 8 | St. Louis, Mo. | -7.2% |
| 9 | Washington, D.C. | -7.3% |
| 10 | Cleveland, Ohio | -7.3% |
| 11 | Chicago, Ill. | -8.0% |
| 12 | Jacksonville, Fla. | -8.2% |
| 13 | Atlanta, Ga. | -9.2% |
| 14 | San Jose, Calif. | -11.2% |
| 15 | Boston, Mass. | -11.3% |
| 16 | Minneapolis, Minn. | -11.8% |
| 17 | Detroit, Mich. | -12.7% |
| 18 | San Francisco, Calif. | -14.1% |
| 19 | Tampa, Fla. | -16.4% |
| 20 | Miami, Fla. | -17.7% |
| 21 | Los Angeles, Calif. | -19.3% |
| 22 | Phoenix, Ariz. | -19.4% |
| 23 | San Diego, Calif. | -24.7% |
| 24 | Las Vegas, Nev. | -26.2% |
| 25 | Sacramento, Calif. | -29.8% |
Source: Radar Logic Inc.
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