Seattle home prices hit post-boom low in November

Seattle home prices hit post-boom low in November

Seattle-area home prices hit a new post-boom low in November, according to one closely watched index, and are now 31 percent below their peak.

The S&P/Case-Shiller Home Price Index for the Seattle metropolitan area, which includes King, Snohomish and Pierce counties, fell to 132.65 in November, the most recent month for which information is available.

The index peaked at 192.30 in July 2007 and hit its previous low, 132.85, in February 2011 before a small rally last spring and early summer. But it has been falling again since August.

The last time prices were lower? June 2004.

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