Most New Listings Being Immediately Snatched Up

A recent commenter had some questions about inventory: …how much of the “low inventory” story is really a story of “high churn”? …it doesn’t seem like there is really a shortage of inventory, but rather that there is a shortage of stale inventory. Would be really curious to see how how new listing rates for […]

Foreclosure Levels Still Just Barely Above Pre-Bust Years

Foreclosure Levels Still Just Barely Above Pre-Bust Years

It’s been a few months since we took a detailed look at foreclosure stats in King, Snohomish, and Pierce counties, so let’s update those numbers. First up, the Notice of Trustee Sale summary: May 2015 King: 306 NTS, down 27% YOY Snohomish: 162 NTS, down 18% YOY Pierce: 279 NTS, down 14% YOY The number […]

Around the Sound: Misery for Buyers Everywhere

Around the Sound: Misery for Buyers Everywhere

Let’s update our monthly stats for the local regions outside of the King/Snohomish core. Here’s your May update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. Are things any better in the market right now for buyers outside of the core Seattle areas? Unfortunately, not really. It’s still […]

NWMLS: Market Goes From Bad to Worse for Buyers

NWMLS: Market Goes From Bad to Worse for Buyers

May market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release. Northwest MLS brokers say home buyers are sprinting, but sellers are stalling Home buyers are in “full sprint” mode while sellers are stalling, according to brokers from Northwest Multiple Listing Service. […]

May Stats Preview: No Improvement for Buyers

May Stats Preview: No Improvement for Buyers

With May 2015 now in the rear view mirror, 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: Inventory went up again month-over-month in both King and […]

Case-Shiller Tiers: High Tier Prices Shoot Up

Case-Shiller Tiers: High Tier Prices Shoot Up

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: Home Prices Shot Up in March

Case-Shiller: Home Prices Shot Up in March

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 2.3% February to March Up 7.5% YOY. Down 9.4% from the July 2007 peak Last year at this time prices rose 1.9% month-over-month and year-over-year prices were up 11.6%. Year-over-year price gains […]