The chart above depicts the annual returns of the U.S. National, the 10-City Composite and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 2.5% decline in the fourth quarter of 2009 versus the fourth quarter of 2008. This is a significant improvement over the annual rates reported in the first, second and third quarters of the year, at -19.0%, -14.7% and -8.7%, respectively. In December, the 10-City and 20-City Composites recorded annual declines of 2.4% and 3.1%, respectively. These two indices, which are reported at a monthly frequency, have seen improvements in their annual rates of return every month since the beginning of the year. Annual rates for the two Composites have not been
this close to a positive print since January 2007, three years ago.
Compare to Seattle Eastside Areas
In February on the Eastside(of King County the housing market continued it's positive gains with a 16% reduction of new listings, 93.74% Pending Sales & 54.3% closed sales with a median sales price of $437,500
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