Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data, Seattle-area home prices were:
Up 1.4% June to July.
Up 3.1% YOY.
Down 26.3% from the July 2007 peak
Last year prices rose 0.1% from June to July and year-over-year prices were down 6.4%.
Another month of all twenty cities showing month-over-month gains, while both composite indices moved further into the black 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 July every city gained again. Seattle came in near the middle.
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 July, ten of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (the same number as June):
- Phoenix at +16.6%
- Minneapolis at +6.4%
- Detroit at +6.2%
- Denver at +5.4%
- Miami at +5.3%
- San Francisco at +4.8%
- Washington, DC at +3.7%
- Dallas at +3.7%
- Tampa, FL at +3.6%
- Portland at +3.2%
Nine cities gained less than Seattle (or were falling) as of July: Charlotte, Boston, San Diego, Los Angeles, Cleveland, Chicago, Las Vegas, New York, and Atlanta.
Here’s the interactive chart of the raw HPI for all twenty cities through July.
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 sixty months since the price peak in Seattle prices have declined 26.3%.
Lastly, let’s see just how far back Seattle’s home prices have “rewound.” As of July: February 2005.
Check back tomorrow for a post on the Case-Shiller data for Seattle’s price tiers.
(Home Price Indices, Standard & Poor’s, 09.25.2012)