The Case-Schiller Index for January has been released, and the numbers are down. 3.1% from January 2010, to be exact.
Eighteen of twenty markets are down from January 2010; Seattle is down 6.7% to 135.41, the lowest point since August, 2004.
Nationwide, real estate values are down 31.8% from the peak; locally – which means: King, Pierce, and Snohomish counties – 29.6% from the peak.
The good news is . . . well, buyers apparently came out in February, and as the Daily Journal of Commerce reports, “Sales agreements for homes rose 2.1 percent last month to a reading of 90.8, according to the National Association of Realtors’ pending home sales index released Monday.”