Seattle home prices drop in latest report

Seattle home prices drop in latest report

Puget Sound Business Journal

Date: Wednesday, November 30, 2011, 6:31am PST

Seattle home prices are down 6.5 percent from a year ago – worse than average for the U.S., according to the S&P/Case-Schiller Home Price Indices.

Nationally, home prices fell an average of 3.6 percent in 20 cities tracked by the Case-Shiller Index. In Seattle, prices fell on a month-to-month basis as well. They dropped 1.1 percent between August and September, compared with 0.3 percent between July and August.

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