Seattle Home Price Growth Makes Headlines Yet Again
The Seattle market has been breaking records for a while – we have reported on the unprecedented growth in the past. Well, unsurprisingly, our hot market shows no sign of slowing down.
The monthly Case-Shiller home price index report, which was released today, puts Seattle market’s home price increase at 13.5% for the 12-month period ending in July 2017. To put things in perspective, Portland occupies the second position with 7.6% increase year-over-year gain. Las Vegas is not too far behind our neighbors to the south, with a 7.4% gain.
The report released by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index indicates a 5.9% gain for all nine census divisions (national), further putting into perspective just how hot the Seattle market is. The month over month growth offers some relief for those concerned about the seemingly infinite increase in prices. While the prices in Seattle increased .6% from July/June, the June/May period saw a more significant increase of 1.4%.
As our market continues to make national news, we at the Stroupe Group remain committed to providing the most professional service to Buyers and Sellers alike. Want to discuss the current market conditions in more detail? Please call us at 206-910-5000 or email at email@example.comEmail