Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were:
Up 2.7% March to April
Up 11.4% YOY.
Down 22.5% from the July 2007 peak
Last year prices rose 2.0% from March to April and year-over-year prices were down 1.0%.
Nothing surprising about this month’s data. Still reflecting the strong spring that we had.
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):
Seattle’s position for month-over-month changes dropped from #2 in March to #7 in April.
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 April, ten of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (one fewer than March):
- San Francisco at +23.9%
- Las Vegas at +22.3%
- Phoenix at +21.5%
- Atlanta at +20.8%
- Detroit at +19.8%
- Los Angeles at +18.8%
- Minneapolis at +14.8%
- San Diego at +14.7%
- Miami at +13.0%
- Portland at +12.9%
Nine cities gained less than Seattle as of April: Tampa, Denver, Chicago, Boston, Dallas, Charlotte, Washington DC, Cleveland, and New York.
Here’s the interactive chart of the raw HPI for all twenty cities through April.
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-nine months since the price peak in Seattle prices have declined 22.5%.
Lastly, let’s see just how far back Seattle’s home prices have “rewound.” As of April: May 2005.
Check back tomorrow for a post on the Case-Shiller data for Seattle’s price tiers.
(Home Price Indices, Standard & Poor’s, 06.25.2013)