Seattle real estate market is HOT – but how does it compare to other major US cities?
While we often discuss the trends in the real estate market in Washington state and Seattle in particular, we wanted to take look at how the Emerald City compares to other major cities in the country.
The CoreLogic Case-Shiller Home Price Index, released monthly, is a great source for tracking national home price changes. It tracks the changes in 20 major US cities and lags by two months. The entire article can be found here.
Phoenix remains the king of home price growth, coming in at first place fo the 25th consecutive month with a 32.4% year over year home price growth. That rate is the fastest acceleration since 2006 and over 23% points higher than last year’s figure. San Diego remained in second place for the highest home price growth with an annual acceleration of 27.8%. Seattle came in third place with a 25.5% increase in July.
According to the article, July national home prices were 44% higher than the previous peak. We urge you to check out the report here.
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