Today’s Case-Shiller Home Price Index shows a small uptick for Seattle-area homes in July, from 137.46 to 137.57. This is the fifth consecutive month of gainers since February.
Nationwide, seventeen of the survey’s twenty markets showed gains. The official press release headline reads, “Home Prices Continue to Show Seasonal Strength,” which isn’t a bad thing.
The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average and published with a two month lag. New index levels are released at 9 am on the last Tuesday of every month.