local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were:
Down less than 0.1 percent June to July
Up 12.1 percent YOY.
Up 34.7 percent from the July 2007 peak
Last year at this time prices were up 0.7 percent month-over-month and year-over-year prices were up 13.5 percent…
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.
We know that inventory is growing in King County, but let’s look at broader Puget Sound area. Now that May is over, let’s update our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
The biggest gains in new listings and active inventory were in King County. Snohomish and Pierce also saw some decent increases, but further out it’s more of a mixed bag, with some counties still seeing declining listings and inventory.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to February data that was released this morning, Seattle-area home prices were:
Up 1.7 percent January to February
Up 12.7 percent year-over-year.
Up 23.9 percent from the July 2007 peak
Over the same period last year prices were up 1.8 percent month-over-month and year-over-year prices were up 12.1 percent.
Seattle leads the nation in both year-over-year and month-over-month home price growth. The only other metro areas with double-digit price growth from a year earlier are Las Vegas at 11.6 percent and San Francisco at 10.1 percent.
It has been a few months since we looked at the housing stats for the broader Puget Sound area. Now that the first quarter of 2018 is over, let’s update our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
Prices are climbing and listings are down across the board. King County actually had the smallest listings decrease among the Puget Sound counties, and one of the largest drops in sales. Sales also dropped significantly in Kitsap, Island, and Skagit counties…