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 price gains below average in January

It’s been a while since we posted our Case-Shiller charts and dashboards, so let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released yesterday, Seattle-area home prices were: Down 0.3 percent December to January…

NWMLS: Home prices back in black, snow storm freezes out pending sales

Let’s play some catchup and take a look at February market stats from the NWMLS. The King County median price of single-family homes was basically flat year-over-year in February, inventory was way up from a year ago but not by as much as it has been, and pending sales slipped thanks to the nasty weather…

NWMLS: Home prices are falling and inventory is soaring, but pending sales are bouncing back

January market stats were published by the NWMLS yesterday. The King County median price of single-family homes fell year-over-year for the first time since March of 2012. Inventory is way up from a year ago, but pending sales started increasing year-over-year, so buyers may be coming back.

January Stats Preview: Inventory starts off 2019 with a three-month head start over 2018

Let’s take a look at our early January housing stats. Better late than never, right?

Overall the story is still improving for buyers. Inventory in January was comparable to April or May of last year, a huge increase. Sales were down from a year ago, and foreclosures are still nearly non-existent…

NWMLS: Home price gains vanish as sales continue to slip

December market stats have been published by the NWMLS this afternoon. Year-over-year home price gains dropped to their lowest level since March 2012 as inventory skyrocketed, despite the fewest new listings ever in a month. The end of 2018 definitely set up 2019 to be an interesting year in the housing market…

December Stats Preview: Highest December listings since 2013

Now that 2018 is completely over, let’s take our first look at the December housing market stats for King and Snohomish counties.

It’s pretty much the same story we’ve seen the past few months, which is good news for buyers: The number of home sales is falling and the number of homes on the market is climbing quite a bit. Foreclosures are still very rare…

NWMLS: Home listing inventory skyrocketed in November as sales and prices both fell further

November market stats were published by the NWMLS this morning. Home prices slipped to their lowest level since January, and inventory is declining seasonally but hit its highest November level since 2011. Both pending and closed sales continued to slip from last year as well. November’s year-over-year listing growth was an all-time record at a whopping 114 percent.