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.

Case-Shiller: Seattle home prices fell more than anywhere else between July and August.

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 1.6 percent July to August
Up 9.6 percent YOY.
Up 31.9 percent from the July 2007 peak

Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.

Real Estate Heat Index plummets in 2018—now at lowest level in over six years

Like the charts and data that I’m posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as other perks! We haven’t taken a look at my “Residential Real Estate Heat Index” for King County single-family […]

Around the Sound: Inventory growth, sales declines spread outside of King County

With September’s stats in hand, let’s look at broader Puget Sound area. Here’s the latest update to our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

The biggest gains in new listings and active inventory are still in King County. Snohomish, Pierce, Kitsap and Thurston all also saw some decent gains in inventory, but in Island, Skagit, and Whatcom inventory was flat or still down. Meanwhile, closed sales are falling everywhere but Whatcom.

Home Price Changes: May to September - Median Sale Price of King County Single-Family Homes

Home prices fell more between May and September this year than any previous year

Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline between those months in previous years was 5.7 percent in 2008…

NWMLS: Inventory continues to climb as sales slow

September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012…

September Stats Preview: Sales drop over 25 percent from 2017 as listings continue to pile up

Home sales volume was at its lowest September level in six years for both King and Snohomish County last month, dipping over 22 percent from a year ago. As a result, the number of homes on the market hit its highest point since early 2012. Foreclosures are still at all-time lows…