New Case-Shiller Home Price Index numbers are out and while Seattle home prices only saw modest gains from December to January (0.2 percent), the average price for existing single-family homes sold in King, Snohomish and Pierce counties was up 10.7 percent from the previous year, the second-biggest YOY growth in the nation behind only Portland.
As Seattle Bubble points out, those numbers are both way better than they were a year ago with prices up 6.8 percent YOY a year ago.
Nationally, prices were up 0.8 percent from December to January and the 20-city index prices were up 5.7 percent YOY. Prices were still reasonable far below the mid-2006 peaks. Here in Seattle, the prices were 2.8 percent lower than the 2007 peak.
· Seattle-area home-price gains race ahead of national rate [ST]
· Case-Shiller: No Winter Price Dip For You! [SB]