March market stats were released by the NWMLS late yesterday. Here’s their press release: “Buyer Ready” Home Shoppers Have Edge as Brokers Report Rise in Multiple Offers. The housing market in the Puget Sound region is pointing toward a sustainable recovery, according to several brokers who commented on the March activity report from Northwest Multiple…
Category: Counties
County-wide statistics.
March Stats Preview: New Foreclosure Surge Edition
Now that March is in the rear view mirror, it’s time for another new stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop…
Price to Rent Ratio at Early 1998 Levels
It’s been about a quarter of a year since we last checked in on the Seattle-area’s price to rent ratio, so I thought I’d share an update of those charts. As of January (the latest Case-Shiller data available), Seattle’s price to rent ratio is down to just 2.5% above the 1990-2001 average, hitting its lowest…
Case-Shiller Tiers: High Tier Breaks Into the Black
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: Another New Low as Price Drops Slow
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to January data, Seattle-area home prices were: Down 0.7% December to January. Down 4.0% YOY. Down 32.4% from the July 2007 peak Last year prices fell 2.4% from December to January and year-over-year prices were down 6.7%. Continuing toward zero…