behind the cycle, California, Case-Shiller, graphs, Statistics, Tableau
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Seattle-area home prices were:
Up 1.8% May to June.
Up 1.8% YOY.
Down 27.3% from the July 2007 peak
Last year prices rose 0.7% from May to June and year-over-year prices were down 6.4%.
June also marks the first month since the tax credit was in play that the 10-city and 20-city composite indices turned positive year-over-year.
Here’s an interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities, courtesy of Tableau Software (check and un-check the boxes on the right):
In June every city gained again. Seattle came in slightly below the average, flipping from slightly above the average last month but still performing better than a year ago.
Hit the jump for the rest of our monthly Case-Shiller charts, including the interactive chart of raw index data for all 20 cities.
In June, ten of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (the same number as May):
- Phoenix at +13.9%
- Minneapolis at +5.7%
- Miami at +4.4%
- Denver at +4.0%
- Washington, DC at +3.9%
- Dallas at +3.7%
- Tampa, FL at +3.4%
- San Francisco at +3.0%
- Portland at +3.0%
- Detroit at +2.5%
Nine cities gained less than Seattle (or were falling) as of June: Cleveland, Charlotte, Boston, San Diego, Los Angeles, Chicago, Las Vegas, New York, and Atlanta.
Here’s the interactive chart of the raw HPI for all twenty cities through June.
Here’s an update to the peak-decline graph, inspired by a graph created by reader CrystalBall. This chart takes the twelve cities whose peak index was greater than 175, and tracks how far they have fallen so far from their peak. The horizontal axis shows the total number of months since each individual city peaked.
In the fifty-nine months since the price peak in Seattle prices have declined 27.3%.
Lastly, let’s see just how far back Seattle’s home prices have “rewound.” As of June: December 2004.
Check back tomorrow for a post on the Case-Shiller data for Seattle’s price tiers.
(Home Price Indices, Standard & Poor’s, 08.28.2012)