Seattle is one of a number of cities that showed a year-over-year sustained recovery in home prices according to the monthly S&P/Case-Shiller Home Price Indices released today. S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed home prices rose in the 20-City Composite an average of 4.3% in the 12 months ending in October, out-distancing analysts forecasts. If fact, Seattle outpaced the average of the 20-City Composite by increasing 5.7%!
This report report points out that while there are still some weak points, the national composite prices have risen to their autumn 2003 levels for both the 10-City and 20-City Composites. There is still a long way to go, but this up significantly from their early 2012 lows.
Link to S&P/Case-Shiller raw data: