Seattle among top markets as U.S. home prices increase by double-digit percentages for the first time in years
Here’s one more sign Seattle’s housing market bounced back from the coronavirus pandemic before 2020 was over — at least if you’re a seller.
In December, home prices in the Seattle area continued to rise faster than the national average, according to the S&P CoreLogic Case-Shiller Home Price Index released Tuesday. The index reports a three-month rolling average of home prices and lags by two months.
Prices for homes in the Seattle area were up 13.6% in December compared to a year earlier. Nationally, prices rose 10.4% year over year.
That national jump in December was the first double-digit increase since January 2014, according to CoreLogic Deputy Chief Economist Selma Hepp.
Seattle maintained its No. 2 spot behind only Phoenix, where prices shot up 14.4%. (Phoenix topped the list for the 19th consecutive month.) Housing prices grew faster here than in San Diego, San Francisco and more than a dozen other major metro areas where Case-Shiller tracks prices.
The index usually reports on 20 areas but does not have up-to-date data for Detroit because of the pandemic.
After the coronavirus …
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