Seattle home prices rising 3 times as fast as DC

WASHINGTON — Home price appreciation remains healthy in the Washington metro market, but D.C.-area price gains are dwarfed in comparison to the nation’s currently hottest housing market.

The March S&P/Case-Shiller Home Price Index says the median price in the 20 largest cities in March was up 5.9 percent from a year earlier. The annual gain in the Washington metro was 4.2 percent.

In Seattle, S&P says the median price in March was up 12.3 percent from a year earlier, the biggest year-over-year gain in the nation.

Seattle was followed by Portland, Oregon’s 9.2 percent annual price gain and the 8.6 percent increase in Dallas.

“While there is some regional variation, prices are rising across the U.S. Half of the 20 cities tracked by the S&P CoreLogic Case-Shiller indices rose more than 6 percent from March 2016 to March 2017,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.

New York City had the smallest year-over-year increase with the median price in March up 4.1 percent from a year earlier.

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Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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