Prices have been declining across the country since last summer, following the expiry in April of a homebuyer tax credit that temporarily boosted sales.
Eight cities saw prices reach their lowest levels since peaking in 2006-07, with prices in Las Vegas 58% lower, according to the Case Shiller index.
The index is 31% below its 2007 peak, and fell 0.5% in November.
The US-wide 20 city index, published by rating agency Standard and Poor’s (S&P), is slightly above the low reached in spring 2009.
“With these numbers more analysts will be calling for a double-dip in home prices,” said David M Blitzer, index committee chairman at S&P.
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