The Boise City-Nampa, Idaho, metro area led the nation with a 20.2 percent drop in its single-family existing-home median home price in fourth-quarter 2011 compared to the same quarter in 2010, the National Association of Realtors reported this week.
Metros with double-digit percentage-based price declines (Q4 2011 vs. Q4 2010)
| Rank | U.S. metro | % decline |
| 1 | Boise City-Nampa, Idaho | -20.18% |
| 2 | Binghamton, N.Y. | -19.44% |
| 3 | Allentown-Bethlehem-Easton, Pa.-N.J. | -17.78% |
| 4 | Atlanta-Sandy Springs-Marietta, Ga. | -17.03% |
| 5 | Springfield, Mo. | -15.63% |
| 6 | Mobile, Ala. | -15.08% |
| 7 | Edison, N.J. | -14.92% |
| 8 | Rockford, Ill. | -14.16% |
| 9 | Milwaukee-Waukesha-West Allis, Wis. | -14.09% |
| 10 | Trenton-Ewing, N.J. | -13.84% |
| 11 | Dover, Del. | -13.30% |
| 12 | Akron, Ohio | -13.20% |
| 13 | Norwich-New London, Conn. | -12.22% |
| 14 | Pittsfield, Mass. | -12.07% |
| 15 | Reno-Sparks, Nev. | -12.05% |
| 16 | Beaumont-Port Arthur, Texas | -11.82% |
| 17 | Gainesville, Fla. | -11.58% |
| 18 | Deltona-Daytona Beach-Ormond Beach, Fla. | -11.52% |
| 19 | Bridgeport-Stamford-Norwalk, Conn. | -11.50% |
| 20 | Virginia Beach-Norfolk-Newport News, Va.-N.C. | -11.46% |
| 21 | Chicago-Naperville-Joliet, Ill. | -11.19% |
| 22 | Tallahassee, Fla. | -11.13% |
| 23 | Gulfport-Biloxi, Miss. | -11.08% |
| 24 | Tucson, Ariz. | -10.59% |
| 25 | New Orleans-Metairie-Kenner, La. | -10.51% |
| 26 | Providence-New Bedford-Fall River, R.I.-Mass. | -10.26% |
| 27 | San Francisco-Oakland-Fremont, Calif. | -10.23% |
| 28 | Phoenix-Mesa-Scottsdale, Ariz. | -10.20% |
| 29 | Cleveland-Elyria-Mentor, Ohio | -10.11% |
Source: National Association of Realtors.
And 29 of 149 metros tracked in the quarterly price report experienced a double-digit percentage decline year over year in fourth-quarter 2011.
Three of 10 metros with the largest year-over-year price decline in the fourth quarter are in New Jersey, and one is in New York.
Metros with double-digit percentage-based price declines (Q4 2011 vs. Q3 2011)
| Rank | U.S. metro | % decline |
| 1 | Bridgeport-Stamford-Norwalk, Conn. | -20.64% |
| 2 | Trenton-Ewing, N.J. | -16.72% |
| 3 | NY: Newark-Union, N.J.-Pa. | -16.15% |
| 4 | South Bend-Mishawaka, Ind. | -15.51% |
| 5 | Saint Louis, Mo.-Ill. | -14.65% |
| 6 | Chicago-Naperville-Joliet, Ill. | -12.47% |
| 7 | Peoria, Ill. | -12.22% |
| 8 | Allentown-Bethlehem-Easton, Pa.-N.J. | -11.71% |
| 9 | Champaign-Urbana, Ill. | -11.68% |
| 10 | Boston-Cambridge-Quincy, Mass.-N.H. | -11.61% |
| 11 | Cumberland, Md.-W.Va. | -11.46% |
| 12 | Springfield, Mass. | -11.14% |
| 13 | Atlanta-Sandy Springs-Marietta, Ga. | -11.09% |
| 14 | New York-Wayne-White Plains, N.Y.-N.J. | -10.84% |
| 15 | Birmingham-Hoover, Ala. | -10.59% |
| 16 | Rockford, Ill. | -10.53% |
| 17 | Pittsfield, Mass. | -10.05% |
| 18 | Columbus, Ohio | -10.04% |
Source: National Association of Realtors.
Bridgeport-Stamford-Norwalk, Conn., had the largest quarterly price decline, NAR reported, falling 20.6 percent from third-quarter 2011 to fourth-quarter 2011.
Illinois and New Jersey accounted for Seven of 10 metros with the highest quarterly percent-based price drops from third-quarter 2011 to fourth-quarter 2011, and 18 markets experienced double-digit percentage declines on a quarter-to-quarter basis.
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