local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was released today, Seattle-area home prices were: Up 1.1 percent January to February Up 11.0 percent YOY. Down 1.7 percent from the July 2007 peak Over the same period last year prices were up 0.9 percent…
I was doing some light reading of the public transcripts from the Move vs. Zillow court hearings in King County Superior Court last week. This excerpt from pages 81-84 in the full Wednesday afternoon transcript was certainly entertaining…
Last week the Seattle Times ran an editorial from a frustrated would-be home buyer currently in the trenches, and the whole piece has an eerily familiar ring to it…
We haven’t updated our monthly stats for the local regions outside of the King/Snohomish core since last year, so let’s have a look. Here’s your March update to our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.
How is the market doing outside of the central King County area? Not much different, really. Listings are super-scarce, demand is reasonably strong, and prices keep going up…
March market stats were published by the NWMLS yesterday…
…First the good news for buyers: Inventory saw a slight uptick in March, and the year-over-year drop shrunk significantly from -29 percent in February to -21 percent in March. Sales also appear to be slowing down slightly as both pending and closed sales are down around ten percent from a year ago.
Now the bad news: The median home price shot up to a new all-time high, and the year-over-year median price was up a record-breaking 21 percent.