{"id":21013,"date":"2012-07-31T08:53:16","date_gmt":"2012-07-31T15:53:16","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=21013"},"modified":"2012-07-31T08:53:16","modified_gmt":"2012-07-31T15:53:16","slug":"case-shiller-seattle-back-in-the-black","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/07\/31\/case-shiller-seattle-back-in-the-black\/","title":{"rendered":"Case-Shiller: Seattle Back in the Black"},"content":{"rendered":"

Let’s have a look at the latest data from the Case-Shiller Home Price Index<\/a>. According to May data, Seattle-area home prices were:<\/p>\n

Up 2.6% April to May.
\nUp 0.6% YOY.<\/strong>
\nDown<\/em> 28.6% from the July 2007 peak<\/p><\/blockquote>\n

Last year prices rose 1.1% from April to May and year-over-year prices were down 7.0%.<\/p>\n

I’ll be the first to point out that I was wrong. Back in March when January’s data came out<\/a> (and prices were still hitting new lows), I said that “I would not be surprised to see us hit zero year-over-year by April.” I was off by one month. It took until May. Note that even when the tax credit was in play, Seattle’s Case-Shiller HPI did not manage to break into the black year-over-year.<\/p>\n

Here’s an interactive graph of the year-over-year change for 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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