Tampa Bay area home prices fell 1.5 percent from August to September, according to a Standard & Poor's/Case-Shiller 20 city home price index released Tuesday. Only Atlanta recorded a higher drop, 5.9 percent, in that time period. Tampa Bay area prices are down 6.7 percent from September 2010.
Nationally, prices dropped 0.6 percent from August to September in the index. Seventeen of the 20 metropolitan regions covered in the report recorded drops from August to September. Atlanta, Las Vegas and Phoenix posted new index lows in September, the report said. Nationally, home prices resemble figures from the first quarter of 2003.
The Case-Shiller index does not list prices in dollars. Florida Realtors reported that the median price of a single-family home in the Tampa Bay area in October was $123,800.