I’ll be posting the monthly stats preview data later today, but Case-Shiller was specifically requested, so here’s the latest update.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data that was released last week, Seattle-area home prices were:
Up 2.7 percent March to April
Up 13.1 percent year-over-year.
Up 30.8 percent from the July 2007 peak
Over the same period last year prices were up 2.6 percent month-over-month and year-over-year prices were up 12.9 percent.
Seattle still leads the nation in both year-over-year and month-over-month home price growth. Seattle has had the highest year-over-year price growth since September 2016. The only other metro areas with double-digit price growth from a year earlier in April were Las Vegas at 12.7 percent and San Francisco at 10.9 percent.
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:
Seattle’s rank for month-over-month changes has been at #1 for three months.
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.
Seattle’s year-over-year price growth is still the highest in the nation. The streak has been alive for twenty months.
Ten metro areas hit new all-time highs in April: Los Angeles, San Diego, San Francisco, Denver, Atlanta, Boston, Charlotte, Portland, Dallas, and Seattle.
Here’s the interactive chart of the raw HPI for all twenty metro areas through April.
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.
In the 129 months since the 2007 price peak in Seattle prices are up 30.8 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.
Here are a couple stories about this month’s numbers:
- Seattle Times: Seattle’s nation-leading streak in home-price increases now tied for 2nd longest on record
- GeekWire: Seattle hits 20 months as the nation’s hottest housing market, but relief for buyers may be on the horizon
(Home Price Indices, Standard & Poor’s, 2018-06-25)