Seattle Home Values Stable for 7th Consecutive Month

The just-released Case-Shiller Index for October 2009 shows Seattle values at 149.26, virtually unchanged for the seventh consecutive month, providing further evidence that home values have stabilized in the Seattle area.

Oct-09 149.26
Sep-09 148.94
Aug-09 149.54
Jul-09 149.44
Jun-09 149.53
May-09 148.96
Apr-09 149.38
Mar-09 149.03

After reaching a low of 149.03 in March, index values have fluctuated by less than one percent, a remarkable level of stability.

The index has a base value of 100 in January 2000; thus, the October index value of 149.26 translates into 49.26% appreciation rate since January 2000 for a typical home in the Seattle Metro Statistical Area, which includes King, Pierce, and Snohomish counties.

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