Case-Shiller Tiers: More Across the Board Increases in June

Get access to the full spreadsheets used to make the charts in this post by becoming a member of Seattle Bubble. 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 […]

Case-Shiller: Year-Over-Year Gains Stabilizing in June

Case-Shiller: Year-Over-Year Gains Stabilizing in June

Please consider supporting Seattle Bubble by becoming a member. Thanks! Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 1.1% May to June Up 7.4% YOY. Down 5.1% from the July 2007 peak Last year at this time prices rose 1.1% […]

Will 2015 Be the Bottom for Listings?

Will 2015 Be the Bottom for Listings?

Let’s see how listings have been doing in the last couple months. First up, here’s a look at new listings for just the last month, compared to July of every other year, and the same chart but for the last three months combined: New listings had been recovering somewhat in 2013 and 2014, but this […]

Home Price to Rent Ratio Still Below Bubble Territory

Home Price to Rent Ratio Still Below Bubble Territory

It’s been a while since we took a look at how rents are comparing to home prices in the Seattle area. Both home prices and rents have been climbing quite a bit in the Seattle area lately. We would expect this with a booming local economy, but if home price gains been significantly outpacing rent […]

Eastside Median Price Surges to New High as Sales Shift to Cheap South King County Neighborhoods

Eastside Median Price Surges to New High as Sales Shift to Cheap South King County Neighborhoods

I’ve pointed out for years that geographic shifts can and do affect the median price, so it was nice to see none other than Lennox Scott (CEO of John L. Scott) joining the chorus in a recent Seattle Time’s piece. Lennox Scott, CEO of John L. Scott Real Estate, said the lower price in July […]

NWMLS: Closed Sales May Show First Signs of Cooling

NWMLS: Closed Sales May Show First Signs of Cooling

July market stats were published by the NWMLS today. Before we get into our monthly stats, here’s a quick look at their press release. Pent up demand boosting Western Washington home sales and prices Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. […]

July Stats Preview: Stale Summer Edition

July Stats Preview: Stale Summer Edition

July is in the books, so 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: Sales came down just slightly from the multi-year highs they hit in […]