Seattle-area home market accelerates, leading U.S. for 17th straight month

Photo credit: Seattle Times

 

Mike Rosenberg | Seattle Times 

Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real estate market in the country, with no slowing down.

The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a year earlier, according to the monthly Case-Shiller home price index, released Tuesday.

It’s the 17th month in a row that Seattle has led the country in home price increases. That’s a record for Seattle and the longest streak for any metro area since San Francisco’s 20-month run that ended in 2001.

Seattle-area home market accelerates, leading U.S. for 17th straight month _ The Seattle Times