{"id":30327,"date":"2015-02-25T06:53:16","date_gmt":"2015-02-25T14:53:16","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=30327"},"modified":"2015-02-25T06:53:16","modified_gmt":"2015-02-25T14:53:16","slug":"case-shiller-seattle-home-prices-flat-in-december","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2015\/02\/25\/case-shiller-seattle-home-prices-flat-in-december\/","title":{"rendered":"Case-Shiller: Seattle Home Prices Flat in December"},"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 December data, Seattle-area home prices were:<\/p>\n<blockquote><p><em>Down<\/em> less than 0.1% November to December<br \/>\n<strong>Up 6.6% YOY.<\/strong><br \/>\n<em>Down<\/em> 11.7% from the July 2007 peak<\/p><\/blockquote>\n<p>Last year at this time prices fell 0.5% month-over-month and year-over-year prices were up 12.4%.<\/p>\n<p>Year-over-year price gains edged up again in December thanks to a nearly flat month-over-month in 2014 compared to a decline the year earlier. In 2013 prices peaked in September and had fallen 1.0 percent by December. In 2014 prices peaked in July, but had declined by just 0.7 percent as of December.<\/p>\n<p>Here&#8217;s an interactive graph of the year-over-year change for all twenty Case-Shiller-tracked cities, courtesy of <a href=\"http:\/\/public.tableausoftware.com\/\" title=\"Tableau Software\">Tableau Software<\/a>  (check and un-check the boxes on the right):<\/p>\n<div style=\"height: 700px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2015\/02\/25\/case-shiller-seattle-home-prices-flat-in-december\/\"><img decoding=\"async\" alt=\"YOY Change\" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller-YOY&#47;YOYChange&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><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=\"http:&#47;&#47;public.tableausoftware.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\" \/><\/object><\/div>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller-YOY\/YOYChange\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Seattle&#8217;s position for month-over-month changes rose from #15 in November to #14 in December.  Miami, Denver, San Francisco, Los Angeles, Phoenix, Atlanta, Charlotte, Portland, Tampa, Washington, Dallas, Detroit, and New York all saw home prices rise more or fall less between November and December than they did in Seattle.<\/p>\n<p style=\"font-size: 0.8em; text-align: center;\"><a title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_MOM_2014-12.png\" rel=\"lightbox[30327]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Month-to-Month - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_MOM_2014-12.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 cities.<\/p>\n<p><!--more-->In December, six of the twenty Case-Shiller-tracked cities gained more year-over-year than Seattle (one less than in November):<\/p>\n<ul>\n<li>San Francisco at +9.3%<\/li>\n<li>Miami at +8.4%<\/li>\n<li>Denver at +8.1%<\/li>\n<li>Dallas at +7.5%<\/li>\n<li>Las Vegas at +6.9%<\/li>\n<li>Portland at +6.8%<\/li>\n<\/ul>\n<p>Thirteen cities gained less than Seattle as of December: Tampa, Los Angeles, Atlanta, San Diego, Boston, Charlotte, Detroit, Phoenix, New York, Minneapolis,<br \/>\nCleveland, Washington, and Chicago.<\/p>\n<p>Here&#8217;s the interactive chart of the raw HPI for all twenty cities through December.<\/p>\n<div style=\"height: 700px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"http:\/\/seattlebubble.com\/blog\/2015\/02\/25\/case-shiller-seattle-home-prices-flat-in-december\/\"><img decoding=\"async\" alt=\"Case-Shiller HPI \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ca&#47;Case-Shiller&#47;Case-ShillerHPI&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><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=\"http:&#47;&#47;public.tableausoftware.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\" \/><\/object><\/div>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Case-Shiller\/Case-ShillerHPI\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>Here&#8217;s an update to the peak-decline graph, inspired by a graph <a title=\"Comment by CrystalBall\" href=\"http:\/\/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 cities 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=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_Decline-From-Peak_2014-12.png\" rel=\"lightbox[30327]\"><img decoding=\"async\" title=\"Case-Shiller HPI: Decline From Peak - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_Decline-From-Peak_2014-12.png\" alt=\"Case-Shiller HPI: Decline From Peak\" style=\"border:0;\" \/><\/a><\/p>\n<p>In the eighty-eight months since the price peak in Seattle prices have declined 11.7%.<\/p>\n<p>Lastly, let&#8217;s see what month in the past Seattle&#8217;s current prices most compare to. As of December 2014, Seattle prices are still roughly right around where they were in March 2006.<\/p>\n<p style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_Seattle-Reverting_2014-12.png\" title=\"Case-Shiller: Seattle Home Price Index\" rel=\"lightbox[30327]\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2015\/02\/Case-ShillerHPI_Seattle-Reverting_2014-12.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>Check back tomorrow for a post on the Case-Shiller data for Seattle&#8217;s price tiers.<\/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>, 02.24.2015<\/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 December data, Seattle-area home prices were: Down less than 0.1% November to December Up 6.6% YOY. Down 11.7% from the July 2007 peak Last year at this time prices fell 0.5% month-over-month and year-over-year prices were up 12.4%. Year-over-year&#8230;<\/p>\n","protected":false},"author":2,"featured_media":30332,"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 Flat in December http:\/\/wp.me\/pe2Bv-7T9","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":[],"class_list":["post-30327","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 Flat in December \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\/2015\/02\/25\/case-shiller-seattle-home-prices-flat-in-december\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case-Shiller: Seattle Home Prices Flat in December \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Let&#8217;s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Seattle-area home prices were: Down less than 0.1% November to December Up 6.6% YOY. Down 11.7% from the July 2007 peak Last year at this time prices fell 0.5% month-over-month and year-over-year prices were up 12.4%. 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According to December data, Seattle-area home prices were: Down less than 0.1% November to December Up 6.6% YOY. Down 11.7% from the July 2007 peak Last year at this time prices fell 0.5% month-over-month and year-over-year prices were up 12.4%. 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