"During May listing prices increased in 18 of 26 major markets and declined in eight markets. San Francisco experienced the sharpest increase in May with prices rising 2.4%, followed by Dallas and Washington, D.C. with increases of 1.4% and 1.2% respectively. The Washington, D.C. market also saw the largest jump over the most recent three-month period with an increase of 6.2%.
"The largest single-month and three-month declines occurred in Miami with prices falling 1.7% during May and 4.4% during the past three months. Prices were also down during May in Phoenix, Los Angeles, Detroit, Las Vegas, New York, Salt Lake City and San Diego."
Altos Research has published their April 2010 report. By the Altos metrics, housing prices are falling a 0% to 7% over the last three months. Volatility is still high in the formerly very large US asset class.