Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.
Author: The Tim
Case-Shiller: Seattle Home Prices Up 6.5% from 2019 in July
Let’s catch up a bit on our Case-Shiller data. According to June data that was released this week, Seattle-area home prices were up 0.2 percent May to June and up 6.5 percent YOY…
The pandemic has sparked a massive seller’s market and big price spikes around Seattle
Okay, let’s get back to the data. It’s about time. Okay, it’s way past time. Anyway, whatever. Here’s some data. Since it’s been a while, let’s start with a few high-level stats from around the Puget Sound…
Seattle Bubble and The Tim are not dead, just in hibernation.
Hoping to come back to life soon…
NWMLS: New listings dry up as home prices plateau
The NWMLS published their August stats yesterday, so let’s take a look at how the month shook out for the housing market.
As we mentioned in yesterday’s preview post, the biggest story is a sudden, renewed shortage of inventory.
Before we get into our detailed monthly stats, here’s a quick look at their press release…
August Stats Preview: Where did the listings go?
NWMLS stats for August are due any day now, probably later today, but let’s have a look at our “early” view on the August housing market stats for the Seattle area.
The biggest news: Active listings appear to be down considerably from a year ago. This is a big flip from earlier this year, when listings were way up, and definitely not great news for buyers.
Around the Sound: King County alone in price drops and big inventory gains
I promised an updated look at June data for the outlying counties, so let’s have a look at that. Here’s the latest update to our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
King County is the only place where prices are declining, and it also has the largest increase in active listings compared to a year ago. On the flip side, pending sales were up the most in King County, and it had one of the smallest declines in closed sales (sales rose in Skagit though). In most of the other Puget Sound counties, sales are declining, and listings are either falling or not increasing by much, and prices are rising.