Seattle-area home prices rose 1.1% from April to May, according to the latest statistics out from Standard & Poors/Case-Shiller. In a welcome bit of news, the Seattle area matched national home pricing trends, as the country's largest cities matched the same 1.1% increase in median sale prices.
This is the third straight month-over-month increase in Seattle homes prices, according to the index.
This follows news from the last month's report showing a 0.7% increases in prices for the country:
It will take some time to get the real estate market back to a strong recovery, but consecutive monthly gains are showing that there is stabilization of pricing and we may be headed toward that recovery.
Sam DeBord - Realtor® | Managing Broker | SeattleHome.com | Coldwell Banker Danforth
Wiegand & DeBord - WD Estates | ph: 206-658-3225 | email: Sam(at)SeattleHome.com
Member NWMLS, N.A.R., WA Realtors, Seattle-King County Realtors
Source: NWMLS Data - This information was not compiled or published by the Northwest Multiple Listing Service
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