By request of ChrisM and Alex, I ran the commission numbers I posted Friday through an inflation-adjustment. The chart below plots the total yearly commissions on single-family home sales in King County in 2011 dollars, adjusted based on the Bureau of Labor Statistics Consumer Price Index for the Seattle area (series CUURA423SA0). After you adjust…
Author: 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.
Monday Open Thread (2012-01-23)
Here is your open thread for Monday January 23rd, 2012. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word in the user-driven…
Poll: Under my house, I prefer…
This poll was active 01.22.2012 through 01.28.2012
Weekly Twitter Digest (Link Roundup) for 2012-01-21
PMI no longer tax-deductible. Good. http://t.co/5Q5awthU # Good news, everyone! The housing market is “in recovery” according to Lawrence Yun. http://goo.gl/4HXoC A bunch of kids are suing Quadrant Homes apparently: http://goo.gl/Y7xZZ Powered by Twitter Tools
Total Commissions Cut in Half Since 2005 Peak
Here’s a different take on sales and price data that I found interesting. I took the total sales volume of single-family homes in King County for each year and multiplied it by the full-year average sale price, then took six percent of that amount to arrive at a total amount of potential commission paid to…