Home prices in the Greater Seattle market increased in June 1.8 percent over the previous month and 11.8 percent over the past 12 months, according to the closely watched S&P/Case-Shiller 20-city home-price index.

As of June, average U.S. home prices have returned to their spring 2004 levels, although the pace of the increase appeared to be slowing, officials said. The 20-city index posted a 2.2 percent monthly gain in June and was up 12.1 percent over the past 12 months.

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Copyright:The Seattle Times

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