Sarasota home prices fall 6.5%

Home prices in North Port-Bradenton-Sarasota fell 6.52% in November 2010 compared to a year ago, according to a report from CoreLogic. The report is based on sales data from that month.

Excluding distressed sales, values fell 3.41% over the year, CoreLogic said.

Nationwide, home values fell for the fourth straight month. Nationally, home prices fell 5.07% in November 2010 compared to the year before, according to CoreLogic. Excluding distressed transactions, the decline was 2.21%.

The report says national home prices are now down 30% from their peak in April 2006.