Worst U.S. Housing Markets

In Depth: Worst U.S. Housing Markets Worst, No. 1: Las Vegas, Nev. Index score: 131.4% Prices were last this low: August 2003 Month-to-month drop: -4.81% Year-over-year drop: -32.98% Deceleration rank: No. 18 Worst, No. 2: Phoenix, Ariz. Index score: 123.93 Prices were last this low: September 2003 Month-to-month drop: -5.06% Year-over-year drop: -33.96% Deceleration rank: No. 15 Worst, No. 3: Detroit, Mich. Index score: 80.93 Prices were last this low: April 1997 Month-to-month drop: -2.98% Year-over-year drop: -21.66% Deceleration rank: No. 8 Worst, No. 4: Minneapolis, Minn. Index score: 127 Prices were last this low: April 2002 Month-to-month drop: -4.6% Year-over-year drop: -18.45% Deceleration rank: No. 20 Worst, No. 5: San Francisco, Calif. Index score: 130.12 Prices were last this low: April 2002 Month-to-month drop: -3.81% Year-over-year drop: -31.24% Deceleration rank: No. 2