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.

NWMLS: Home prices and sales stagnated in June

The NWMLS just published their June stats, so let’s take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year again in June, the fourth month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this morning, the rate of increase is rapidly declining from the all-time high set in December. Closed sales were down a bit from a year earlier, while pending sales were up slightly.

Stats Preview: Sales dipped in June as listings increase shrank further

This is the last post in today’s data catch-up marathon. I’ll also update a few more of the spreadsheets for members, and if the NWMLS posts their June data today I’ll try to get that up as well.

For now, let’s have a look at our “early” view on June stats.

In summary: Listings are still up from a year ago, but not by as much as they have been. Sales are down, but only just a bit.

Case-Shiller Tiers: High Tier Price Drops Accelerate

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.

Year-over-year price growth is falling in all three tiers, with the high tier having flipped to year-over-year losses as of February.

Case-Shiller: Seattle-Area Home Prices Flat in April

Let’s play a bit of catch-up today with some stats that I’ve allowed to fall behind. First up, the latest Case-Shiller data from a couple weeks ago. According to April data that was released late June, Seattle-area home prices were:

Up 1.1 percent March to April
Up less than 0.1 percent YOY.
Up 30.9 percent from the July 2007 peak

Last year at this time prices were up 2.7 percent month-over-month and year-over-year prices were up 13.1 percent.

NWMLS: Listings up, sales flat, prices fall in May

The NWMLS published their May stats today, so let’s take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in May, the third month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this week, the rate of increase is rapidly declining from the all-time high set in December. Pending and closed sales are increasing, but only modestly.

May Stats Preview: Not Dead Yet Edition!

Remember, you can always get access to the Seattle Bubble spreadsheets by supporting my ongoing work as a member of Seattle Bubble. Hey look who it is. That Seattle Bubble guy. He’s not gone after all. Seriously though, everything is fine. Things just got a bit busy. Let’s have a look at the May stats, […]