Housing prices continued to plummet across the New York metropolitan area, where single-family homes fetched, on average, 12 percent less in March than a year ago.

Nationally, sales prices for homes fell 19 percent, according to the Standard & Poor’s Case-Shiller national index released yesterday.

For the second month in a row, the average sales prices in 20 metropolitan areas around the nation did not set a record decline.

“Based on the March data, however, we see no evidence that a recovery in home prices has begun,” said S&P’s David Blitzer.

(Source: NY Post)