Before the seasonal adjustment, the National Index posted a month-over-month gain of 0.2 percent in October while the 10-City Composite was unchanged and the 20-City Composite saw a 0.1 percent increase in October.
The gain reported in the latest S&P CoreLogic Case-Shiller home price index was in line with expectations and up slightly from a revised 5% in September.
Nationwide home prices are basically back to where they were before the housing market crash and Great Recession, according to the monthly Standard & Poor's/Case-Shiller home price report.
"With the current high consumer confidence numbers and low unemployment rate, affordability trends do not suggest an immediate reversal in home price trends", he added. Blitzer cautioned prices in the housing market could soon see a ceiling if incomes and wages don't begin to rise faster.
The S&P CoreLogic Case-Shiller Indices, which covers the entire nation, rose 5.6% in the 12 months ended in October, up from the 5.4% increase reported in September. Compared to a month prior, seasonally adjusted Seattle home values grew 0.9 percent, the same as the rest of the country.
North Texas home prices have risen by about 40 percent in the last four years and are now at a record median price of $225,000 this year, according to data from local real estate agent sales.
Merry Christmas and Happy Hanukkah
Treat yourself to some rest and unwinding - one year from now you need to confidence new difficulties. Only 30 percent of Democrats agreed that "Merry Christmas " was a suitable greeting for a business.
Home sales and prices have been helped by healthy demand, tight supplies and low mortgage rates.
Home prices continued to steadily increase in October, and the higher prices go, the more unaffordable the housing market becomes.
Nationally, the sliding 12-month price scale increased just 0.02 percent from September to October, but the spike was more pronounced in certain USA markets.
The chart below show the annual returns of the U.S. National, the 10 -City Composite, and the 20- City Composite Home Price Indices.
There are several reasons home prices are lagging in the state, including weak job creation and a backlog of distressed properties still in the foreclosure pipeline.