One in Six Q4 Pending Sales Didn’t Close

One in Six Q4 Pending Sales Didn’t Close

Let’s take a look a the latest data on pending sales volume versus closed sales volume. For this series I roll the pending sales and closed sales data up by quarter, with pending sales offset by one month. In other words, the fourth quarter numbers below represent pending sales from September, October, and November and […]

NWMLS: No Hope for a Buyers’ Market in January

NWMLS: No Hope for a Buyers’ Market in January

January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let’s have a look at their press release. Spring market “not waiting for tulips” but limited inventory frustrates homebuyers Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according […]

January Stats Preview: Vanishing Inventory Edition

January Stats Preview: Vanishing Inventory Edition

Now that we’re already a full month into 2015, 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: Listings inventory hit another new all-time low in King […]

Home Prices Fell in All Three Case-Shiller Tiers in November

Home Prices Fell in All Three Case-Shiller Tiers in November

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 Dipped in November

Case-Shiller: Home Prices Dipped in November

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Seattle-area home prices were: Down 0.4% October to November Up 6.0% YOY. Down 11.7% from the July 2007 peak Last year at this time prices fell 0.1% month-over-month and year-over-year prices were up 12.4%. Year-over-year price gains […]

Eastside Prices Hit Another All-Time High in December

Eastside Prices Hit Another All-Time High in December

It’s time once again to take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South […]

NWMLS: On-Market Listings Plummeted in December

NWMLS: On-Market Listings Plummeted in December

December market stats were published by the NWMLS today. You can find their press release in its typical location, which we’ll get into tomorrow. For now, here are our monthly stats. CAUTION NWMLS monthly reports include an undisclosed and varying number ofsales from previous months in their pending and closed sales statistics. Here’s your King […]