This is coming later than usual this month due to Bottom-Calling Week, but let’s take a look at January’s “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas…
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.
Case-Shiller Tiers: Low Tier Falls Over 15% in a Year
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. First up is the straight graph of the index from January 2000 through December 2008. December was downright rough in all three tiers,…
Case-Shiller: Yet Another Record Drop in Seattle Home Prices
The time has come for our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to December data, Down 3.6% November to December. Down 13.4% YOY. Down 16.7% from the July 2007 peak Last year prices fell 1.2% from November to December and year-over-year prices were up 0.5%. It’s interesting to look at…
Puget Sound Counties January Update
Let’s check in on the January NWMLS statistics from around the sound. We’re going to try something different this month. The usual collection of charts in this post tend to be a big spaghetti mess, so we’re going to keep it simple. If you want to see the usual charts, you can still download the…
Seattle Times “$1.5M condo on 20K income” Story Full of Gaping Holes
Last Friday, the Seattle Times ran an interesting story about a “limousine driver, earning little more than minimum wage” being approved for a loan on a $1.5 million condo in Bellevue Towers. The story was also picked up by at least one of the local television news outlets, and has been making the rounds on…