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)