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Housing Market Heated Up in Q2, Affordability Fell

Posted on July 29, 2010July 29, 2010 by The Tim

The latest issue of Sound Housing Quarterly has been published (Q2 2010). Sound Housing Quarterly is a subscription-based sister project to Seattle Bubble that I created to provide a single consolidated and consistent source of high-level local housing market stats and analysis.

Here are a couple of highlights from the second quarter issue.

The Real Estate Heat Index (a proprietary index I created that uses supply, demand, and home prices to calculate the general “heat” of the housing market) bumped up in Q2 in all eight of the Puget Sound Counties I track. Here’s a look at King, Snohomish, Pierce, and Kitsap:

Real Estate Heat Index: King, Snohomish, Pierce, Kitsap

Meanwhile, affordability reversed course, falling in all eight counties, thanks to slight increases in median home prices.

Affordability Index: King, Snohomish, Pierce, Kitsap

The full version of Sound Housing Quarterly includes detailed data and analysis for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

Head over to HousingQuarterly.com to subscribe to Sound Housing Quarterly. You can also download a free single-page summary of this quarter’s report, or drop by the free archive to check out the 2008 Q3 through 2009 Q2 reports in full at no charge.

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Charting How Much Home the Median Income can Afford
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They’re not making any more land… OR ARE THEY?

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