Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. November market stats were published by the NWMLS this morning. Here’s their press release: Real Estate Brokers Expect No Holiday Breather Sales Stay […]
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released this morning, Seattle-area home prices were: Up less than 0.1 percent August to September Up 11.0 percent YOY. Up 6.4 percent from the July 2007 peak Over the same period last year prices were […]
October market stats were published by the NWMLS this morning. They haven’t posted their press release yet, so I don’t have the usual excerpt from that. Let’s take a look at the numbers.
September was a mixed bag, with some numbers moving in buyers’ favor, but October was pretty much all bad news for buyers. The only news that wasn’t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years…
October is done, so let’s take a look at the local housing market stats for the month. Short story: the typical seasonal drop in listings and sales is well underway. Listings dropped quite a bit from the previous month, back into negative year-over-year territory.
Sales came in stronger than last year even though they fell from September to October. Listings dropped in both counties. Foreclosures are still at their historic lows…
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.
All three tiers are up month-over-month, but the rate of increase is slowing for the low and middle tiers.
Between July and August, the low tier increased 0.7 percent, the middle tier rose 0.4 percent, and the high tier was up 0.5 percent.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data that was released this morning, Seattle-area home prices were:
Up 0.5 percent July to August
Up 11.4 percent YOY.
Up 6.5 percent from the July 2007 peak
Over the same period last year prices were up 0.3 percent month-over-month and year-over-year prices were up 7.6 percent.
Surprising no one, Seattle home prices as measured by Case-Shiller hit another new all-time high in August.
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).
To kick things off, here’s an excerpt from the NWMLS press release:
Western Washington Housing Market Still Strong
It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating prices. Others aren’t convinced, citing mixed indicators…