This is rich. I spotted the ad at right this morning. I laughed out loud when I read it. Specifically the first word there: “keep.” If you’re not wealthy, Seattle is already unaffordable by nearly any metric. Rents are soaring, home prices are hitting new all-time highs, and inventory of both rentals and for-sale homes…
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.
Seattle Housing Market Hotter Than Ever in 2015
I’d like to introduce a new chart. The “Residential Real Estate Heat Index” is an index I’ve been calculating for a few years, that originally was part of the now-defunct Sound Housing Quarterly newsletter. It rolls changes in the median price, new listings, total inventory, pending sales and closed sales all into a single number to measure the relative “heat” of the market.
Here’s what it looks like for King County single-family homes and condos…
September Reporting Roundup: Unsustainable Trend Edition
It’s way past time for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).
To kick things off, here’s an excerpt from the NWMLS press release:
Housing market slowdown expected
But prices in most areas are still rising…
NWMLS: Historic 2015 Seller’s Market Drags On
September market stats were published by the NWMLS today. Before we get into our monthly stats, here’s a quick look at their press release…
September Stats Preview: Setting Up a Dismal Fall and Winter
Now that September is in the books, let’s have a look at our monthly stats preview.
Sales were basically flat month-over-month, but still up double-digits from a year ago, while inventory in both counties saw the biggest year-over-year decline in more than two years. Foreclosure notices in both counties bumped up a little month-over-month and year-over-year…