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Redfin: Seattle-Area Prices Creep Up Through Spring

Posted on June 11, 2012 by The Tim

Full disclosure: The Tim is employed by Redfin.

It’s been quite a while since I’ve posted any of the monthly market stats published by my employer, but since I’ve been spending a lot more time than usual knee-deep in these spreadsheets lately, I thought I’d share a few charts from the May update (xls).

First up, here’s median price per square foot, both for listings and sales, for King, Snohomish, and Pierce Counties:

Single-Family Homes: Median Price per SqFt

All three counties are basically moving in tandem on the price front, with listing prices and sale prices both on the rise since January. Snohomish and Pierce showed some signs of slowing, turning flat in May, but King County turned in another increase, gaining 2.8% month-over-month.

Next up: Listings and sales volume:

Single-Family Homes: Supply & Demand

Here’s how each county’s months of supply (listings / closed sales) has changed, May 2011 to May 2012:

  • King: 4.4 to 2.4
  • Snohomish: 5.3 to 2.4
  • Pierce: 6.1 to 3.9

Does anything in the full spreadsheet jump out to you?

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Next Post:
May Stats Preview: Not Really a Preview Edition
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By Request: 2+ Years of Redfin Size-Adjusted Prices

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