The difference between affordable and actual home prices hit an all-time record in May

Reminder: Subscribers have access to the members-only spreadsheets folder, which is updated with the charts in this post. As promised yesterday, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home […]

Low affordability may be why sales are stalling out

Seattle Bubble spreadsheets are updated even when content isn’t frequently posted. You can get access to the spreadsheets by becoming a member of Seattle Bubble. By popular request, let’s take a look at our affordability index charts for the counties around Puget Sound. As of August, the affordability index has bounced up slightly from its […]

New listing absorption softens more as pending sales slip

Good news for Seattle Bubble members! The spreadsheets behind the charts in this post as well as all the other spreadsheets I keep have been updated with the most recent data. Become a member of Seattle Bubble to get access to the private spreadsheets folder and join our private Slack channel. I’ve got a few […]

NWMLS: Prices retreat slightly as inventory continues to climb

July market stats were published by the NWMLS yesterday. The biggest news is still the climb in inventory, which is up 256 percent from the all-time low that was set back in December. If the current trend continues (a big “if”), it’s entirely possible that by the end of this year inventory will be at its highest point since 2011.

July Stats Preview: The 2018 Listings Surge Continues

The 2018 listings surge continued in July, with on-market single-family inventory hitting its highest level since October 2013.

Here’s the overall summary for July: Sales fell both month-over-month and year-over-year. Listings shot up yet again. Foreclosures are still at all-time lows.

NWMLS: Listings surge as sales and prices soften a bit

The big news in this month’s numbers is yet again the big bump in total on-market inventory. That said, prices look like they’re beginning to soften as well, which is unusual for what is normally the hottest time of year for price gains.

Inventory rose twenty-eight percent from May to June, and was up forty-three percent from last year. We’re definitely forming an interesting trend now. This year has seen listings building up a lot faster than any recent year. Meanwhile, sales are softening…

June Stats Preview: Listings surge even higher in June

Last month we noticed a big surge in listings in King County in our preview data for May, and in June it looks like the trend is getting stronger. On-market listings of single-family homes nearly hit their highest point in four years in June, surging 28 percent in a single month.

The overall summary for June is that sales edged up from May, but saw the biggest year-over-year decline since April 2011. Listings shot up and are starting to form a very interesting trend. Foreclosures are still few and far between.