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Seattle Home Prices Continued Trending Down in June

In May, we saw that Seattle home prices were still climbing but more slowly than in recent months. Consider that a trend now that Case-Shiller has released their June numbers. Seattle-area home prices rose 1.1% between May and June, which is 8.6% higher than they were last year. That's a slight drop both month-to-month and year-to-year from May, a sign that the local market is stepping back into line with the national trends. Nationally, home prices are up 0.9%, so Seattle is still ahead, but not by as much as we have been. For the first time since 2008, every city's annual growth rate in the 20-city index slowed down.
· Seattle home prices rising more slowly [ST]
· Case-Shiller: Price Growth Cooled Further in June [SB]