First Posted: 04/26/10 06:12 AM ET   Updated: 05/25/11 04:40 PM ET

Before you get too excited about a nationwide housing recovery, let's remember that "best" in this case is a relative term.

If your local housing market was flat over the last 12 months, consider yourself lucky. Only six of the 20 major real estate markets covered in the widely-watched Case-Shiller index showed positive year-over-year gains. Overall, the 20 cities are down an average of 3.1 percent over last year. And, nationally, prices are still off about 30 percent from their 2006 peak.

But a handful of markets, including Washington, D.C. and San Francisco, are actually showing modest year-over-year growth in home values. (Check out the worst performing housing markets in the last year here.)

Which housing markets are showing signs of growth -- or at least showing slower declines? Check the latest data from the Case Shiller Index.

#7 Los Angeles 0.0%
Home prices stayed flat in seventh-ranked Los Angeles over the past year. Seasonally-adjusted prices, however, jumped 1.4 percent between November and December last year.
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Filed by Ryan McCarthy  |