Posted: Jan. 30, 2009 8:55 a.m.

Home prices fell in all but one of the top 25 metropolitan areas in the United States in November, according to a national study released this morning.

The exception was Milwaukee.

According to Radar Logic Inc., a New York-based real estate data company, Milwaukee home prices on a square-foot basis rose 2.4% in November 2008, compared with November 2007.

The same company reported last year that Milwaukee was the lone exception in July when prices rose 2.9% on a square-foot basis, compared with July 2007.

In the City of Milwaukee last year, foreclosure filings were up 70%, according to city officials.

In the new study, the San Francisco area recorded the biggest drop, with the average price per square foot falling 36.8%. The next biggest decline belonged to Phoenix, falling 34.6%. Las Vegas was down 32.4%.

Radar Logic also reported that four metropolitan areas – Charlotte, Denver, San Jose, Calif., and Tampa – had their largest monthly price declines since the company began keeping records in 2000.

Source http://www.jsonline.com/business/38695727.html

See Full Report at http://www.radarlogic.com/research/RPXMonthlyHousingMarketReportforNovember2008.pdf