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Seattle-Area Home Price Growth Slowed Down in May

Image: Seattle Bubble

Case-Shiller is back with their 20-city index and while the numbers for Seattle and the surrounding area are positive, they're not quite as positive as we're used to seeing these days. According to the report, Seattle-area home prices were up 1.4% from April to May while also being up 9.3% from May 2013. Sounds great, though that follows a March-to-April period in which home prices were up 2.3%. It's still better than the national average (1.1% gain), but as Case-Shiller's David Blitzer put it, "Home prices rose at their slowest pace since February of last year." Seattle Bubble has a bunch of graphs to put things in perspective.
· Growth slows for local home prices [Seattle Times]
· Case-Shiller: Home Price Growth Cooled in May [Seattle Bubble]