Seattle-area home prices hit wall in May

FILE – In this June 9, 2011 file photo, a “sold” notice is posted on the “for sale” sign of a house, in Seattle.Home prices in major U.S.

The average price of existing single-family homes sold in King, Snohomish and Pierce counties was the same in May as in April, according to the S&P/Case Shiller index. Over the past 12 months, the average price in the Seattle area was up 7.4 percent, the same pace as April.

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