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Originally published August 30, 2011 at 6:45 AM | Page modified August 31, 2011 at 6:17 AM

Seattle-area home prices increased 0.7% in June

Seattle-area home prices rose in June for the second straight month, according to the Case-Shiller home-price index.

Seattle Times business staff

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Seattle-area home prices rose in June for the second straight month, according to the Case-Shiller home-price index.

Nationally, the index was up for the third straight month, numbers for June released Tuesday showed.

In the Seattle metropolitan area, which includes King, Snohomish and Pierce counties, prices rose 0.7 percent between May and June, according to Case-Shiller. The 20-city composite index — which includes Seattle — was up 1.1 percent for the month.

All cities saw an increase except Portland, where prices were flat. Six other metropolitan areas — five of them on the West Coast — had smaller gains than Seattle.

But Seattle-area home prices were down 6.4 percent compared with June 2010, a steeper drop than the national decline of 4.5 percent. When compared with Seattle, prices fell more steeply year-over-year in Chicago, Detroit, Minneapolis, Phoenix and Tampa.

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