Seattle Employment Running on All Cylinders

Seattle Employment Running on All Cylinders

Let’s have a look at the jobs data for November and how the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. Since dropping below 5 percent in June, the Seattle area’s unemployment rate has been relatively steady at 4.7-4.8 percent. November’s 4.7 percent unemployment rate wasthe same level unemployment was […]

Foreclosures Declined Dramatically in November

It’s time for our detailed look at November foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: November 2014 King: 233 NTS, down 50% YOY Snohomish: 177 NTS, down 42% YOY Pierce: 232 NTS, down 45% YOY The number of trustee sale notices was down big yet again […]

Around the Sound: A Nasty Winter for Home Buyers

Around the Sound: A Nasty Winter for Home Buyers

It’s time for us to check up on stats outside of the King/Snohomish core with our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. This month’s story in a nutshell: Listings are declining from a year ago, while sales are up across the board. Overall the winter is shaping up […]

NWMLS: Housing Market Already Hibernating for Winter

NWMLS: Housing Market Already Hibernating for Winter

November market stats were published by the NWMLS today. They haven’t published their press release to its typical location yet [update: it has been posted now], so let’s just dive right into our usual monthly stats. CAUTION NWMLS monthly reports include an undisclosed and varying number ofsales from previous months in their pending and closed […]

November Stats Preview: Already Winter Edition

November Stats Preview: Already Winter Edition

With November now behind us, let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line […]

Case Shiller Tiers: High Tier Declining Alone

Case Shiller Tiers: High Tier Declining Alone

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 Slip Further Into Fall

Case-Shiller: Home Prices Slip Further Into Fall

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to September data, Seattle-area home prices were: Down 0.2% August to September Up 6.0% YOY. Down 11.3% from the July 2007 peak Last year at this time prices were still rising. They increased 0.3% from August to September and year-over-year […]