Home prices keep falling in Seattle, October index shows

Home prices keep falling in Seattle, October index shows

Any momentum that the beleaguered Seattle housing market might have built up over the summer seems to have evaporated, according to a closely watched index of home prices.

The Standard & Poor’s/Case-Shiller index, released Tuesday, showed that prices in Seattle slipped an additional 1 percent in October from September, bringing the local index back down to where it was this spring…

… But Seattle wasn’t alone: Home prices fell in October in 19 of the 20 major cities tracked by the Case-Shiller index. And the October decline locally was a bit less than the 1.2 percent average drop.

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