January 2008 Case Shiller Seattle

[rudekick]

January 2007: 183.92
December 2007: 184.88
January 2008: 181.62

-1.3% year over year
-1.8% month to month

[aldreth]

3 month shiller for seattle... -16.26%

[deeplennon]

[deeplennon]

More off peak #'s...

Charlotte -3.08%
Portland -4.13%
Seattle -5.55%
Dallas -6.25%
Atlanta -6.88%
New York City -7.11%
Chicago -7.19%
Denver -8.05%
Boston -10.89%
Minneapolis -11.59%
Cleveland -12.15%
Composite 20 -12.53%
Composite 10 -13.36%
Washington DC -15.23%
San Francisco -15.83%
Los Angeles -18.08%
Tampa -18.25%
Miami -19.75%
Las Vegas -20.76%
Phoenix -20.82%
San Diego -21.13%
Detroit -21.16%

[david_mcmanus]

The delusional ones will stop looking at Y.O.Y. and focus on M.O.M. Then when it gets really bad they'll start focusing on week over week and day over day.

Look, median home price is up 0.03% since 7 A.M. yesterday!!

Lies, damn lies, and statistics.

[rose-colored-coolaid]

[deejayoh]

[uwp]

[rose-colored-coolaid]

It's obvious. Let's normalize January to 100 sales. 100 sales / 31 days is 3.23 sales/day. In February, there were 102.8 (normalized the same way) sales in only 29 days, for 3.54 sales/day.

Using NAR math, we see that Feb sales/day over Jan sales/day is actually 1.096, or a 9.6% increase in average sales per day. Such an increase is clearly something, something. Ergo, the slump is over.

[Ubersalad]

bunch of real estate rookies. obviously you guys haven't heard that real estate is all "localized". my block has been selling well, in fact sales have gone up 100% YOY and remain healthy MOM.

[perfectfire]