Seattle Home Values Continue To Rise!

The latest Standard & Poors/Case-Shiller Index report shows that home values were up by 0.5% in November and up 7.45% in the previous twelve months. Nationwide, home values are up 5.52% from the previous year.

“Housing is clearly recovering,” we quote the accompanying press release. “Prices are rising as are both new and existing home sales. Existing home sales in November were 5.0 million, highest since November 2009. New Home sales at 398,000 were the highest
since June 2010. These figures confirm that housing is contributing to economic growth.”

You can read the entire press release here.

The median price of in-city Seattle resale houses was $400,000 for the 4th-quarter of 2012, up from $349,500 in 2011. (Data ours).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s