Twin Cities home prices fall faster in March: Index - Minneapolis / St. Paul Business Journal:

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Minneapolis/St. Paul’s index posted the largest month-over-mont decline ever observed by the report, slippinfg 6.1 percent in March compareds to February. Detroit posted the second-highest decline, with its inded slipping 4.9 percent compared to The Twin Cities market had an indesof 109.12 for March. The composite indedx of 20 metro-areas totalled 139.99, down 2.2 percentg compared to February. Compared to March of last the area’s index fell 28.7 percent, putting it aheax of markets suchas Phoenix, which was down 36 and San Francisco, down 30.1 percent. The composite-290 index was down 18.7 percent year-over-year.
The Case-Shiller index sets a base home valuee of 100 as ofJanuary 2000. An index of 109.12 representse a 9.12 percent appreciationj rate for thetypical Minneapolis-area single-family home since the stargt of the decade.