Seattle Bubble

Let’s check in on the NWMLS statistics from around the sound.
Here’s where the YOY stats stand for each of the six counties as of June 2008:
King - Price: -4.3% | Listings: +25.4% | Sales: -27.2% | MOS: 6.0
Snohomish - Price: -9.0% | Listings: +8.1% | Sales: -35.0% | MOS: 8.0
Pierce - Price: -6.6% | Listings: [...]

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Let’s check in on the NWMLS statistics from around the sound and see if the bottom is in yet for any of the seven Puget Sound counties we’re tracking.
Here’s where the YOY stats stand for each of the six counties as of May 2008:
King - Price: -6.2% | Listings: +41.7% | Sales: -38.7% | MOS: [...]

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Let’s check in on the NWMLS statistics from around the sound. I realized this month that if I’m going to include Skagit County in the Puget Sound wrapup, I should probably include Island County as well. So from now on we’re looking at seven Puget Sound counties. I’d change the name of [...]

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Yesterday’s Tacoma News Tribune had an article about new construction in outlying areas, which is becoming front line of the Puget Sound housing bust. In short: it ain’t pretty for builders.
Facing fewer buyers and many, many homes for sale, South Sound builders are pulling back and getting extra promotional.
Builders have slowed construction schedules in [...]

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Here’s an update to the NWMLS statistics for all six Puget Sound counties. I don’t personally want to live in King County, and maybe you don’t either. So, here’s a little graphical look at what the market looks like around the sound.
Here’s where the YOY stats stand for each of the six counties [...]

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Here’s an update to the NWMLS statistics for all six Puget Sound counties. I don’t personally want to live in King County, and maybe you don’t either. So, here’s a little graphical look at what the market looks like around the sound.
Here’s where each of the six counties stand as of February 2008:
King [...]

[Read more →]