Home Prices Show Small Increase in Seattle for April 2009

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Prices on Seattle homes rose in April for the first time in a year.  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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June 30 2009 - Seattle
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Profile picture for siddharta
This is good news. By Aug we should get numbers for May & June and hopefully that will confirm that we are bottoming out and done with major declines. 
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June 30 2009
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Now that we've seen June numbers, the upward trend for Seattle is being confirmed.  Year over year sales are up big, and prices are up since January.
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July 12 2009
 
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