{"id":105493,"date":"2018-10-30T13:48:47","date_gmt":"2018-10-30T20:48:47","guid":{"rendered":"https:\/\/seattlebubble.com\/blog\/?p=105493"},"modified":"2018-10-30T13:48:47","modified_gmt":"2018-10-30T20:48:47","slug":"case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/","title":{"rendered":"Case-Shiller: Seattle home prices fell more than anywhere else between July and August."},"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> 1.6 percent July to August<br \/>\n<strong>Up<\/strong> 9.6 percent YOY.<br \/>\n<em>Up<\/em> 31.9 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.<\/p>\n<p>After falling to dead last in month-over-month price changes in July, Seattle continued its streak at #20 in August. This follows a four-month streak at #1 earlier in the year.<\/p>\n<p>Seattle is still near the top in year-over-year price growth though. Two metro areas had higher price growth from a year earlier in August: Las Vegas at 13.9 percent and San Francisco at 10.6 percent. However, if the current trend continues for a few more months, Seattle won&#8217;t be near the top for long\u2026<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller Year-Over-Year Home Price Change - Click to enlarge\" href=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-Shiller-YOY-recent_2018-08.png\" rel=\"lightbox[105493]\"><img decoding=\"async\" title=\"Case-Shiller Year-Over-Year Home Price Change - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-Shiller-YOY-recent_2018-08.png\" alt=\"Case-Shiller Year-Over-Year Home Price Change\" style=\"border:0;\" \/><\/a><\/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\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/'><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\/10\/Case-ShillerHPI_MOM_2018-08.png\" rel=\"lightbox[105493]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_MOM_2018-08.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-->Six metro areas hit new all-time highs in August (down from 11 in July): Los Angeles, Atlanta, Boston, Minneapolis, Charlotte, and Cleveland.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty metro areas through August.<\/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\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/'><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\/10\/Case-ShillerHPI_Decline-From-Peak_2018-08.png\" rel=\"lightbox[105493]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_Decline-From-Peak_2018-08.png\" alt=\"Case-Shiller HPI: Decline From Peak\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the 133 months since the 2007 price peak in Seattle prices are up 31.9 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\/10\/Case-ShillerHPI_Seattle-Reverting_2018-08.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[105493]\"><img decoding=\"async\" src=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_Seattle-Reverting_2018-08.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\/average-seattle-area-home-now-sells-for-below-list-price-for-first-time-in-4-years\/\" title=\"Average Seattle-area home selling for below list price for first time in 4 years\">Average Seattle-area home selling for below list price for first time in 4 years<\/a><\/p>\n<p>That headline seems to have been inspired by something I tweeted yesterday morning (with data from the <a href=\"https:\/\/www.redfin.com\/blog\/data-center\" title=\"Redfin Data Center\">Redfin Data Center<\/a>):<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?One of these things?<br \/>?is not like the others,?<br \/>?One of these things?<br \/>?just doesn&#39;t belong.? <a href=\"https:\/\/t.co\/i4q537vxQe\">pic.twitter.com\/i4q537vxQe<\/a><\/p>\n<p>&mdash; Seattle Bubble (@SeattleBubble) <a href=\"https:\/\/twitter.com\/SeattleBubble\/status\/1056951840028278785?ref_src=twsrc%5Etfw\">October 29, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/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>, 2018-10-30<\/em>)<\/p>\n","protected":false},"excerpt":{"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> 1.6 percent July to August<br \/>\n<strong>Up<\/strong> 9.6 percent YOY.<br \/>\n<em>Up<\/em> 31.9 percent from the July 2007 peak<\/p><\/blockquote>\n<p>Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.<\/p>\n","protected":false},"author":2,"featured_media":105502,"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 home prices fell more than anywhere else between July and August.","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-105493","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 home prices fell more than anywhere else between July and August. \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\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle home prices fell more than anywhere else between July and August. \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 1.6 percent July to August Up 9.6 percent YOY. Up 31.9 percent from the July 2007 peak Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_MOM_2018-08.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/\",\"name\":\"Case-Shiller: Seattle home prices fell more than anywhere else between July and August. \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_MOM_2018-08.png\",\"datePublished\":\"2018-10-30T20:48:47+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/#primaryimage\",\"url\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_MOM_2018-08.png\",\"contentUrl\":\"https:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/10\/Case-ShillerHPI_MOM_2018-08.png\",\"width\":1491,\"height\":906},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/10\/30\/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Case-Shiller: Seattle home prices fell more than anywhere else between July and August.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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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