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.

Case-Shiller: Seattle was the only market to see price declines between June and July

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were: Down less than 0.1 percent June to July Up 12.1 percent YOY. Up 34.7 percent from the July 2007 peak Last year at this time prices were up 0.7 […]

Expensive parts of King County are seeing bigger dips in sales and prices

Get unlimited access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work of this site by becoming a member of Seattle Bubble. It’s been six months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix […]

The difference between affordable and actual home prices hit an all-time record in May

Reminder: Subscribers have access to the members-only spreadsheets folder, which is updated with the charts in this post. As promised yesterday, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home […]

Low affordability may be why sales are stalling out

Seattle Bubble spreadsheets are updated even when content isn’t frequently posted. You can get access to the spreadsheets by becoming a member of Seattle Bubble. By popular request, let’s take a look at our affordability index charts for the counties around Puget Sound. As of August, the affordability index has bounced up slightly from its […]

New listing absorption softens more as pending sales slip

Good news for Seattle Bubble members! The spreadsheets behind the charts in this post as well as all the other spreadsheets I keep have been updated with the most recent data. Become a member of Seattle Bubble to get access to the private spreadsheets folder and join our private Slack channel. I’ve got a few […]

NWMLS: Prices retreat slightly as inventory continues to climb

July market stats were published by the NWMLS yesterday. The biggest news is still the climb in inventory, which is up 256 percent from the all-time low that was set back in December. If the current trend continues (a big “if”), it’s entirely possible that by the end of this year inventory will be at its highest point since 2011.