The new Case-Shiller Home Price Indices were released today and it shows Seattle has the fifth largest percentage of increase of value of all of the 20 major metropolitan cities included in the index over the last year. The top five were:
Seattle has been one of cities that has consistently shown growth year-over-year sustained recovery in home prices since the March 2012 lows. Since then, the composite markets have recovered 36.4%, according to this data.
According to the monthly S&P/Case-Shiller Home Price Indices released today home prices showed home prices rose in the 20-City Composite an average of 4.9% over the last 12 months ending in September, out-distancing analysts forecasts. And Seattle’s growth rate of 8.2% shows we are doing well above the average US city. Still, it’s not all good news. Affordability of homes is becoming more and more of a problem as prices keep rising.