Puget Sound Housing Market Entered Deep Freeze in Q3

The latest issue of Sound Housing Quarterly has been published (Q3 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.

This month’s report is 48 pages long, and took me the better part of a week to put together, despite having most of the source data already at my fingertips. Here are a couple of highlights from the third 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) dropped back down in Q3 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 rose slightly everywhere but Kitsap and Island, thanks to slight drops in median home prices, but mostly thanks to a continued decrease in mortgage interest rates:

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 Q3 reports in full at no charge.

0.00 avg. rating (0% score) - 0 votes

About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.