One common refrain lately among real estate agents desperate to put a positive spin on the local market is that potential home buyers in the Seattle area are just being frightened by all the bad national news on the housing market. The local market is doing just fine, and would be even better if only…
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.
Anemic Second Quarter Home Sales
A reader suggested that a good way to visualize the current state of the local housing market would be to look at quarterly home sales. Here’s a chart of the total closed SFH sales in King County for every quarter we have data for from the NWMLS, back through 2000: Click to enlarge Note that…
Working it Out in Different Price Ranges
I got a pair of emails this weekend that are worth discussion. Here’s a portion of the first: …we’re looking at buying a townhouse as a temporary place to stay. Our income is pretty good, more than 100k a year. But the math that’s involved in figuring out all the possibilities of whether its better…
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Today’s Slow Market “Is a Different Animal”
From an article on home staging in the Puget Sound Business Journal: For [Seattle home stager Jan] Sewell, who is also a Realtor with Windermere Real Estate and owner of her staging business since 1997, today’s market is unlike anything she has ever experienced. “I have been through a couple of slow markets in Seattle…