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).