Homes located in Seattle, Washington.
Homes located in Seattle.
  • Home prices continue to fall on a monthly basis, according to Case-Shiller data Tuesday. 
  • Home prices are now 4.4% below their June peak, but remain higher than they were a year ago.
  • Here are the three cities that saw the steepest monthly declines.

The housing market continues to cool down, with prices dropping for six consecutive months, according to Tuesday's S&P Case-Shiller Index data.

Home prices fell 0.3% in December from the prior month and have dropped 4.4% from their June peaks. While prices are still up on a year-over-year basis, the pace of increases slowed to 5.8% from 7.6% in November.