The latest Case Shiller report, reveals that Boston home prices fell 7.0% from December 2007 to December 2008. As a whole, U.S. home prices were down 18.5%.

Record declines felt hardest in San Francisco, Las Vegas, and Phoenix; all three cities experienced drops of more than 30%.

Here are the average price declines list from best to worst:

Rate = City

-4.0% = Denver
-4.3% = Dallas
-6.1% = Cleveland
-7.0% = Boston
-7.2% = Charlotte
-9.2% = New York
-12.1% = Atlanta
-13.1% = Portland
-13.4% = Seattle
-14.3% = Chicago
-18.4% = Minneapolis
-19.2% = Washington, D.C.
-21.7% = Detroit
-22.0% = Tampa
-24.8% = San Diego
-26.4% = Los Angeles
-28.8% = Miami
-31.2% = San Francisco
-33.0% = Las Vegas
-34.0% = Phoenix

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