Prices of Seattle home sales rose in April for the first time in 12 months. From March to April, real estate prices rose just 0.23 percent in the greater Seattle metropolitan area. The increase is miniscule, but it halts a trend of losses and is likely due to the seasonal uptick of spring and summer home sales.
The Case-Shiller index measures home sale prices in 20 major metropolitan areas around the U.S. This month, 8 of those 20 areas showed increases in prices, while the other 12 were flat or down. Although the numbers aren't great, they also show a slowing of the downward trend we've seen for quite a while in the market. Phoenix, Las Vegas, and Miami assumed their usual positions at the bottom of the list, with foreclosures and distressed properties still battering their real estate markets.
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