It’s been two years since we last took a look at the local housing oversupply. This week the Washington State Office of Financial Management released their 2012 population and housing supply estimates, so let’s update those charts. Here’s an updated chart of housing supply (total housing units) and demand (total households) for the 3-county Puget…
Category: Counties
County-wide statistics.
Case-Shiller Tiers: Low Tier Finally Gets a Boost
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. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Case-Shiller: Spring Accelerates for Seattle Home Prices
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 2.0% March to April. Down 1.0% YOY. Down 30.4% from the July 2007 peak Last year prices rose 1.6% from March to April and year-over-year prices were down 6.9%. Inching ever closer…
Seattle’s Summer of Slim Selection
With real estate’s “spring buying season” basically in the rear-view mirror, one would expect that the housing inventory shortage we’ve been seeing so far in 2012 might subside. Unfortunately, that does not yet appear to be the case. Both in King County as a whole and Seattle specifically, weekly inventory data from Redfin shows a…
Mode Price Holds Steady as Average and Median Rise
It’s been a few months since we took a look at the average, median, and mode prices all together, so let’s update that chart. Here are the definitions of mode and standard deviation, for those who aren’t stats nerds. Note that for the “mode” in this chart, I have rounded every sale price to the…