NWMLS: Closed Sales Drop Back Below 1,000 in Jan.

January market stats have been published by the NWMLS. Here’s the NWMLS press release: Northwest MLS members report 28 percent increase in pending sales from year ago. Still focusing on the useless pending sales number. Tsk. Here’s your King County SFH summary, with the arrows to show whether the year-over-year direction of each indicator is […]

January Stats Preview: Mixed Messages Edition

Now that the last month of 2009 is behind us, let’s have a look at January’s stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line […]

Case-Shiller Tiers: All Three Tiers Turn Negative

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: Seattle Home Prices Hit New Low in Nov.

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Down 0.5% October to November. Up 0.3% October to November (seasonally adjusted) Down 10.6% YOY. Down 22.7% from the July 2007 peak Last year prices fell 2.5% from October to November (not seasonally adjusted) and year-over-year prices […]

Does Job Growth == Home Buying Demand?

An article in the Times yesterday about the Puget Sound’s job recovery following the dot-com bust got me thinking again about the oft-claimed jobs to home prices correlation. The usual assertion goes something like this: “Prices are justified because our economy is strong (i.e. – lots of jobs), and as long as we keep adding […]