Home Prices in Seattle outpaced by most top national marketsHome Prices in Seattle outpaced by most top national marketsHome Prices in Seattle outpaced by most top national marketsHome Prices in Seattle outpaced by most top national markets
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December 17, 2019
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January 7, 2020
Published by jlsrelocation on December 17, 2019
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  • Regional Trends
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Home prices in the Seattle area rose compared to last year for the second month in a row, by 1.7%

Is it a streak? Well, not really.

Seattle-area growth was well behind the 20-city home price index, which was up 2.1% in September from a year ago, according to the latest numbers from the S&P CoreLogic Case-Shiller Home Prices Index.

Among those markets, home price growth around Seattle outran only New York, Chicago and San Francisco.

Market-watchers know that’s a big change from previous years. For a 21-month stretch between 2016 and 2018, Seattle-area home prices grew faster than anywhere else in the country.

Month over month, home prices around Seattle fell by 0.3% in September, according to the index, which lags by two months.

Nationally, S&P Managing Director Craig Lazzara said in a statement, he saw “reassuring” trends after a long period of decelerating gains in home prices.

“It is, of course, too soon to say whether this month marks an end to the deceleration or is merely a pause in the longer-term trend,” he said.

Among the nation’s top 20 housing markets, only one — San Francisco — saw a year-over-year price decline in September.

For the fourth month in a row, Phoenix saw the fastest year-over-year price increases, at 6%. Elsewhere, cities in the southeast, including Charlotte, Tampa and Atlanta, also saw price growth of more than 4%.

Click here to read the full article:

Home Prices in Seattle outpaced by most top national markets (The Seattle Times)

December Regional Trends: Discover More Great Articles Below:

Feds invest millions in airport where Boeing will stage 737 Max recovery (Andrew McIntosh, Puget Sound Business Journal)

It’s a home seller’s market as King County sees ‘November surprise’; check out what’s happening in your area (Katherine Khashimova, Long Seattle Times)

Planned 24-story downtown building nets investment from Opportunity Zone fund (Chirstopher Bjorke, Portland Business Journal)

A Portland ID verification company lands $64M (Malia Spencer, Portland Business Journal)

Seattle sees nation’s biggest drop in solo car commuters as transit, walking surge (Gene Balk/FYI Guy, Seattle Times)

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