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Charlotte home prices down 5 percent, Case-Shiller Home Price Index says

Charlotte home prices fell 5 percent in February from February 2010, according to the Standard & Poor’s Case-Shiller Home Price Index.

The city’s home prices were also down 1.2 percent in February from January.

Home prices fell over the year in 19 of 20 metro areas tracked by the report, with the exception of Washington, D.C., which had a 2.7 percent increase in February from the same month last year.

Phoenix had the largest price decline, 8.4 percent.

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