Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released this week, Seattle-area home prices were:
Up 0.7 percent December to January
Up 12.9 percent year-over-year.
Up 21.8 percent from the July 2007 peak
Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.3 percent.
Seattle still leads the nation in year-over-year price growth. The only other metro areas with double-digit price growth from a year earlier are Las Vegas at 11.1 percent and San Francisco at 10.3 percent.