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Originally published October 30, 2007 at 12:00 AM | Page modified October 30, 2007 at 4:16 PM

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Seattle's home prices slip in August

Seattle's home prices have begun to decline, although on an annual basis they're still outperforming major metropolitan areas, according...

By Seattle Time business staff

Seattle's home prices have begun to decline, although on an annual basis they're still outperforming major metropolitan areas, according to the monthly S&P/Case-Shiller home price indexes released today.

Based on the prices through August of single-family homes in 20 of the nation's major metro areas, the overall index shows the eighth consecutive month of negative year-over-year returns and the 21st consecutive month of decelerating returns from the previous month.

Seattle showed an August-July price decline of 0.1 percent coming off a July-June gain of 0.2 percent. Year-over-year, Seattle's prices grew 5.7 percent, the highest among the metro areas. San Diego's values, by comparison, dropped 8.3 percent for the year ending in August.

Copyright © 2007 The Seattle Times Company

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