Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to October data that was released this week, Seattle-area home prices were:
Down 0.1 percent September to October
Up 12.7 percent year-over-year.
Up 20.0 percent from the July 2007 peak
Over the same period last year prices were up 0.1 percent month-over-month and year-over-year prices were up 10.6 percent.
Seattle still has by far the largest year-over-year price growth, despite falling off just slightly in each of the last three months of data. The only other city with double-digit price growth from a year earlier is Las Vegas at 10.2 percent.