April Stats Preview: Supply Increasing, Demand Decreasing

With April behind us, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series:

King & Snohomish County Stats Preview

Inventory is still extremely low, but in King County the month-over-month increase was the largest (in percentage terms) that we have ever seen. Snohomish also saw a good sized month-over-month gain, but both counties are still below last year’s inventory level. Meanwhile sales were down from a year earlier in both counties, and foreclosures continued to be near their historic lows.


Case-Shiller Tiers: High Tier Surpasses 2007 Peak Pricing

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details […]


Case-Shiller: Seattle Sees Nation’s Biggest Price Gains

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released today, Seattle-area home prices were: Up 1.1 percent January to February Up 11.0 percent YOY. Down 1.7 percent from the July 2007 peak Over the same period last year prices were up 0.9 percent […]

Excerpt from Zillow CEO Spencer Rascoff’s Court Testimony

I was doing some light reading of the public transcripts from the Move vs. Zillow court hearings in King County Superior Court last week. This excerpt from pages 81-84 in the full Wednesday afternoon transcript was certainly entertaining…


Around the Sound: Hope is Hard to Find for Buyers

We haven’t updated our monthly stats for the local regions outside of the King/Snohomish core since last year, so let’s have a look. Here’s your March update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

How is the market doing outside of the central King County area? Not much different, really. Listings are super-scarce, demand is reasonably strong, and prices keep going up…


NWMLS: Some Small Signs of Market Softening in March

March market stats were published by the NWMLS yesterday…

…First the good news for buyers: Inventory saw a slight uptick in March, and the year-over-year drop shrunk significantly from -29 percent in February to -21 percent in March. Sales also appear to be slowing down slightly as both pending and closed sales are down around ten percent from a year ago.

Now the bad news: The median home price shot up to a new all-time high, and the year-over-year median price was up a record-breaking 21 percent.