local real estate news, statistics, and commentary without the sales spin.
Get access to the full spreadsheets used to make the charts in this and other posts, and support the ongoing work on this site by becoming a member of Seattle Bubble. Let’s have a look at our housing stats for the broader Puget Sound area. Here’s your July update to our “Around the Sound” statistics…
January market stats have been published by the NWMLS. They haven’t put up their press release yet, so let’s get on with the stats.
Still no sign of hope for buyers here or on the near horizon. Listings are way down, sales are still strong, and while the median price did dial back a bit from December to January, it’s still within five percent of the all-time high.
Now that January is behind us, let’s take a look at the local housing market stats for the month. Short story: Somehow the market got even worse for homebuyers. Nearly nothing for sale and still strong competition.
Sales came in a good bit stronger than a year ago, but listings dropped to another new all-time lows in both counties. Foreclosures are still at their historic lows…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data that was released this morning, Seattle-area home prices were: Up 0.2 percent October to November Up 10.4 percent YOY. Up 6.8 percent from the July 2007 peak Over the same period last year prices were up 0.4…
Get access to the full spreadsheets used to make the charts in this and other posts by becoming a member of Seattle Bubble. Good news for renters (and maybe hopeful home buyers, as well): 2017 should see the beginning of relief for the Seattle area’s crazy rental housing market. The infamous $750-a-month 130-square-foot ‘prison cell’…