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Thursday, May 2, 2013

Home Prices Up in Seattle

9:12 AM


Beautiful day in the neighborhood today, so my mortgage lender and I are knocking on doors and looking for sellers ready to put their houses on the market. <br><br>
The Puget Sound Business Journal reported that home prices in the Seattle area climbed 9.3 percent over the 12-month period that ended in February, according to the S&P/Case-Shiller Home Price Indices.<br><br>
The year-over-year increase is further evidence that the Seattle-area housing market is well on the road to recovery after getting badly battered after the collapse of the nation’s housing bubble.
Seattle’s increase matched that of S&P/Case-Shiller’s 20-city composite index, which also rose 9.3 percent during the 12-month period that ended in February. All 20 cities have now had year-over-year increases for at least two straight months, a statistical event last recorded in 2005. <br><br>
Seattle Bubble, a residential real estate blog, maintains an interactive graph of the year-over-year change for each of the 20 cities. <br><br>
Average home prices nationwide are now back to levels last seen in the fall of 2003, S&P/Case-Shiller said in a press release. <br><br>
In general, however, the nation’s home prices are still well off of the peak in the summer of 2006. The 20-city composite in February was down 30 percent from the peak. <br><br>For the complete report, please see http://www.bizjournals.com/seattle/news/2013/04/30/seattle-home-prices-post.html
<br><br> I offer listing commissions as low as 1%-2%-3%. Call to schedule a free, no-obligation in-home evaluation: 206-274-0800.


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