Skip to content

Seattle Bubble

local real estate news, statistics, and commentary without the sales spin.

Menu
  • Home
  • About
  • Contact
  • Reference
  • Speaking
Menu

Case-Shiller: Upward Summer Slog Continued in August

Posted on October 25, 2016October 26, 2016 by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data that was released this morning, Seattle-area home prices were:

Up 0.5 percent July to August
Up 11.4 percent YOY.
Up 6.5 percent from the July 2007 peak

Over the same period last year prices were up 0.3 percent month-over-month and year-over-year prices were up 7.6 percent.

Surprising no one, Seattle home prices as measured by Case-Shiller hit another new all-time high in August.

Here’s a Tableau Public interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities. Check and un-check the boxes on the right to modify which cities are showing:

Powered by Tableau

After dropping all the way to #12 in July, Seattle’s rank for month-over-month changes moved back up to #5 in August.

Case-Shiller HPI: Month-to-Month

Hit the jump for the rest of our monthly Case-Shiller charts, including the interactive chart of raw index data for all 20 metro areas.

In August, there was still just one of the twenty Case-Shiller-tracked metro areas that gained more year-over-year than Seattle (the same as February through July):

  • Portland at +11.7%

Clearly the Northwest will never stop being literally the envy of other states.

Seven cities hit new all-time highs again in August: San Francisco, Boston, Seattle, Charlotte, Denver, Portland, and Dallas.

Eighteen metro areas gained less than Seattle as of August: Denver, Dallas, Tampa, Miami, San Francisco, Los Angeles, San Diego, Charlotte, Detroit, Las Vegas, Atlanta, Phoenix, Minneapolis, Boston, Chicago, Cleveland, Washington, and New York.

Here’s the interactive chart of the raw HPI for all twenty metro areas through August.

Powered by Tableau

Here’s an update to the peak-decline graph, inspired by a graph created by reader CrystalBall. This chart takes the twelve metro areas 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.

Case-Shiller HPI: Decline From Peak

In the 109 months since the price peak in Seattle prices are up 6.5 percent.

Lastly, let’s see how Seattle’s current prices compare to the previous bubble inflation and subsequent burst. Note that this chart does not adjust for inflation.

Case-Shiller: Seattle Home Price Index

Check back tomorrow for our monthly look at Case-Shiller data for Seattle’s price tiers.

(Home Price Indices, Standard & Poor’s, 2016-10-25)

Share:

  • Twitter
  • LinkedIn
  • Facebook
  • Reddit
  • Pinterest
  • Email

Continue Reading

Next Post:
NWMLS: Listings Up, Prices Down August To September
Previous Post:
Case-Shiller Tiers: Rate of Home Price Growth Slows Slightly

Tim’s Other Projects

Dispatches from the Multiverse

Tip Jar

Like what we're doing?

Drop us a tip!

Accounts

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2025 Seattle Bubble | Built using WordPress and Responsive Blogily theme by Superb