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Seattle-Area Home Prices Kept Cooling Down in July

[Images Money]

The Case-Shiller Home Price Index has published its numbers for July and it looks like last month's trend is continuing the home price cool down. Seattle-area home prices rose 0.6% between June and July, which is 7.1% higher than they were last year. Both of those numbers are lower than the previous month (and the one before that). The YOY price is now down to its lowest levels since October 2012.

The average price of existing single-family homes sold in King, Snohomish and Pierce counties was up 0.6% from June to July, which is also down from the previous month's 1.1% gain. Seattle is right in the middle of the 20-city index, with nine cities showing better YOY gains for July.
· Seattle home-price gains slow again [ST]
· Case-Shiller: Market Cooled Further in July [SB]