Seattle’s home-price increases keep surging ahead of the rest of the nation even as the local housing market is showing a clear trend of slowing a bit.
Across Greater Seattle, the typical single-family house cost 10.4 percent more in November than a year ago, the biggest increase of any metro area in the country, according to the Case-Shiller home-price index released Tuesday.
It’s the third straight month that the Seattle area led the nation as the hottest housing market after a nine-year stretch without being on top.
Fastest-rising home prices compared with a year ago
1. Seattle +10.4%
2. Portland +10.1%
3. Denver +8.7%
4. Tampa +8.1%
5. Dallas +8.1%
Source: Case-Shiller home price index
The winter is normally the slowest time of year for the local real-estate market. The growth in home values was