{"id":15787,"date":"2011-05-31T07:30:46","date_gmt":"2011-05-31T14:30:46","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=15787"},"modified":"2011-05-31T07:30:46","modified_gmt":"2011-05-31T14:30:46","slug":"case-shiller-seattle-gets-a-teeny-tiny-spring-bounce","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/05\/31\/case-shiller-seattle-gets-a-teeny-tiny-spring-bounce\/","title":{"rendered":"Case-Shiller: Seattle Gets a Teeny Tiny Spring Bounce"},"content":{"rendered":"

Happy Case-Shiller day, everybody. Yes, it’s time once again for us to take a look at the latest data from the Case-Shiller Home Price Index<\/a>. According to March data, Seattle home prices were:<\/p>\n

Up 0.1% February to March.
\nDown<\/em> 7.5% YOY.<\/strong>
\nDown<\/em> 30.9% from the July 2007 peak<\/p><\/blockquote>\n

Last year prices also rose 0.1% from February to January, while year-over-year prices were down just 3.6%.<\/p>\n

Pretty much the exact same seasonal bump that we saw last year at this time. If we see the same sort of action this year over the next few months, we can expect to see the index rise a few percent before flatlining again and resuming the decline in August. That sounds like a fairly likely outcome, although I expect the bump and subsequent decline to both be smaller this year than last.<\/p>\n

Here’s an interactive graph of all twenty Case-Shiller-tracked cities, courtesy of Tableau Software<\/a> (check and un-check the boxes on the right):<\/p>\n

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