Seattle home prices slip in September
Seattle-area home prices declined in September compared with August, adding to a national trend: the largest quarterly decline in the 21-year history of the S&P Case-Shiller Home Price Indices.
Seattle’s decline, however, was slight. September prices were down 0.2 percent from August. This follows a dip of 0.1 percent in August from July.
On an annual basis, Seattle home prices climbed 4.7 percent for the year ended in September. That ties it with Charlotte, N.C., for the highest appreciation among the 20 metropolitan markets in the S&P Case-Shiller price report.
In the third quarter, prices nationally declined 1.7 percent from the second quarter and 4.5 percent from the third quarter of 2006.