EconomicsReal Estate September 5, 2013

Washington home prices up more than 12% in a year

by Ben Miller Contributing Editor – Puget Sound Business Journal

Home prices in Washington state have risen 12.4 percent in the past year, which mirrors the national average.

According to property information company CoreLogic Inc., single-family home prices in both Washington state and nationwide, including distressed sales, increased 12.4 percent on a year-over-year basis in July 2013 compared with July 2012.

Excluding distressed sales, single-family home prices increased 12.7 percent in Washington state.

According to CoreLogic, including distressed sales, the five states with the highest home price appreciation were: Nevada (up 27 percent), California (up 23.2 percent), Arizona (up 17 percent), Wyoming (up 16.4 percent) and Oregon (up 15 percent).