{"id":105350,"date":"2018-09-25T10:40:45","date_gmt":"2018-09-25T17:40:45","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105350"},"modified":"2018-10-01T07:11:56","modified_gmt":"2018-10-01T14:11:56","slug":"case-shiller-seattle-was-the-only-market-to-see-price-declines-between-june-and-july","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/09\/25\/case-shiller-seattle-was-the-only-market-to-see-price-declines-between-june-and-july\/","title":{"rendered":"Case-Shiller: Seattle was the only market to see price declines between June and July"},"content":{"rendered":"<p>Let&#8217;s have a look at the latest data from the <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Case-Shiller Home Price Index<\/a>. According to July data that was released today, Seattle-area home prices were:<\/p>\n<blockquote><p><strong>Down<\/strong> less than 0.1 percent June to July<br \/>\n<strong>Up<\/strong> 12.1 percent YOY.<br \/>\n<em>Up<\/em> 34.7 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Last year at this time prices were up 0.7 percent month-over-month and year-over-year prices were up 13.5 percent.<\/p>\n<p>Each month from February through May, Seattle had the biggest month-over-month gains of all twenty Case-Shiller markets. In June the rank fell to #8, and in July it dropped all the way to the bottom at #20. However, Seattle still has the second-highest year-over-year price growth. The only metro area with higher price growth from a year earlier in July was Las Vegas at 13.7 percent.<\/p>\n<p>Here&#8217;s a <a href=\"http:\/\/public.tableausoftware.com\/\" title=\"Tableau Software\">Tableau Public<\/a> 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:<\/p>\n<div style=\"height: 800px; margin: 0 auto;\">\n<div class='tableauPlaceholder' id='viz1537896000916' style='position: relative'>\n\t\t<noscript><br \/>\n\t\t\t<a href='https:\/\/seattlebubble.com\/blog\/2018\/09\/25\/case-shiller-seattle-was-the-only-market-to-see-price-declines-between-june-and-july\/'><img alt='YOY Change ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1_rss.png' style='border: none' \/><\/a><br \/>\n\t\t<\/noscript><br \/>\n\t\t<object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='Case-Shiller-YOY&#47;YOYChange' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object>\n\t<\/div>\n<p>\t<script type='text\/javascript'>\n\t\tvar divElement = document.getElementById('viz1537896000916');\n\t\tvar vizElement = divElement.getElementsByTagName('object')[0];\n\t\tvizElement.style.width='700px';vizElement.style.height='727px';\n\t\tvar scriptElement = document.createElement('script');\n\t\tscriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';\n\t\tvizElement.parentNode.insertBefore(scriptElement, vizElement);\n\t<\/script>\n<\/div>\n<p>Here&#8217;s how the month-over-month price changes looked for all twenty markets:<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_MOM_2018-07.png\" rel=\"lightbox[105350]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_MOM_2018-07.png\" alt=\"Case-Shiller HPI: Month-to-Month\" style=\"border:0;\" \/><\/a><\/p>\n<p>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.<\/p>\n<p><!--more-->Seattle&#8217;s year-over-year price growth is falling. From September 2016 through May 2018 our market had the largest gains, but for the last two months Las Vegas has been on top.<\/p>\n<p>Eleven metro areas hit new all-time highs in July: Los Angeles, San Diego, San Francisco, Denver, Atlanta, Boston, Minneapolis, Charlotte, Cleveland, Portland, and Dallas.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty metro areas through July.<\/p>\n<div style=\"height: 800px; margin: 0 auto;\">\n<div class='tableauPlaceholder' id='viz1537896938325' style='position: relative'>\n\t\t<noscript><br \/>\n\t\t\t<a href='https:\/\/seattlebubble.com\/blog\/2018\/09\/25\/case-shiller-seattle-was-the-only-market-to-see-price-declines-between-june-and-july\/'><img alt='Case-Shiller HPI ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1_rss.png' style='border: none' \/><\/a><br \/>\n\t\t<\/noscript><br \/>\n\t\t<object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='Case-Shiller&#47;Case-ShillerHPI' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object>\n\t<\/div>\n<p>\t<script type='text\/javascript'>\n\t\tvar divElement = document.getElementById('viz1537896938325');\n\t\tvar vizElement = divElement.getElementsByTagName('object')[0];\n\t\tvizElement.style.width='700px';vizElement.style.height='727px';\n\t\tvar scriptElement = document.createElement('script');\n\t\tscriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';\n\t\tvizElement.parentNode.insertBefore(scriptElement, vizElement);\n\t<\/script>\n<\/div>\n<p>Here&#8217;s an update to the peak-decline graph, inspired by a graph <a title=\"Comment by CrystalBall\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/01\/29\/case-shiller-november-seattle-playing-catch-up\/#comment-38661\">created by reader CrystalBall<\/a>. 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.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" href=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_Decline-From-Peak_2018-07.png\" rel=\"lightbox[105350]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_Decline-From-Peak_2018-07.png\" alt=\"Case-Shiller HPI: Decline From Peak\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the 132 months since the 2007 price peak in Seattle prices are up 34.7 percent.<\/p>\n<p>Lastly, let&#8217;s see how Seattle&#8217;s current prices compare to the previous bubble inflation and subsequent burst. Note that this chart does not adjust for inflation.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_Seattle-Reverting_2018-07.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[105350]\"><img decoding=\"async\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/09\/Case-ShillerHPI_Seattle-Reverting_2018-07.png\" style=\"border: 0;\" title=\"Case-Shiller: Seattle Home Price Index - Click to enlarge\" alt=\"Case-Shiller: Seattle Home Price Index\" \/><\/a><\/p>\n<p>Here&#8217;s the Seattle Times&#8217; story about this month&#8217;s numbers: <a href=\"https:\/\/www.seattletimes.com\/business\/real-estate\/as-seattle-housing-market-dips-outer-reaches-of-metro-area-still-humming-along\/\" title=\"As Seattle home prices dip, outer reaches of metro area are humming along\">As Seattle home prices dip, outer reaches of metro area are humming along<\/a><\/p>\n<p>(<em>Home Price Indices, <a title=\"S&amp;P\/Case-Shiller\u00ae Home Price Indices\" href=\"http:\/\/us.spindices.com\/index-family\/real-estate\/sp-case-shiller\">Standard &amp; Poor&#8217;s<\/a>, 2018-09-25<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;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:<\/p>\n<blockquote><p><strong>Down<\/strong> less than 0.1 percent June to July<br \/>\n<strong>Up<\/strong> 12.1 percent YOY.<br \/>\n<em>Up<\/em> 34.7 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Last year at this time prices were up 0.7 percent month-over-month and year-over-year prices were up 13.5 percent\u2026<\/p>\n","protected":false},"author":2,"featured_media":105353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: Case-Shiller: Seattle was the only market to see price declines between June and July","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[136,86,222,200,531],"coauthors":[1158],"class_list":["post-105350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-california","tag-case-shiller","tag-graphs","tag-statistics","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Case-Shiller: Seattle was the only market to see price declines between June and July \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2018\/09\/25\/case-shiller-seattle-was-the-only-market-to-see-price-declines-between-june-and-july\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle was the only market to see price declines between June and July \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#039;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. 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His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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