Home prices in the Los Angeles-Long Beach-Glendale region fell by 16.34% in May compare to a year earlier.
That's more mild than the 19.18% year-over-year decline seen in April, according to First American CoreLogic, which released its LoanPerformance Home Price Index Tuesday.
Nationwide, home prices fell 9.2% in May, representing the smallest year-over-year decline in 2009 and the lowest since December 2007.
California saw the third worst price decline in May, at 19.8%, compared to the other states. That's a major improvement over California's peak decline of 30.3% in August 2008.
Nevada had the nation's worst price decline in May, at 26.4%, followed by Florida at 25.5%.
Nationwide, the Riverside-San Bernardino-Ontario region suffered the greatest price decline in May at 29.72%.
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