OR: Home Prices Dropped Year Over Year

U.S. home prices dropped 6.8 percent in June compared to the prior year.
CoreLogic (NYSE: CLGX), a Santa Ana, Calif.-based real estate data firm, said June results were up 0.7 percent over the prior month. It was the third consecutive monthly gain and is consistent with seasonal home trends.

Home prices have retreated 31.7 percent from their high in April 2006, CoreLogic said. Excluding distressed transactions, home prices are down 21.4 percent over the same period.

Oregon home prices, including sales of distressed properties, were down 8.9 percent in June compared to the prior year, ranking sixth in the nation for declining prices. Only Nevada, Arizona, Idaho, Illinois and Minnesota fared worse.

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