A commenter brought up an interesting point over the weekend: I thought Case-Shiller showed that over time dwellings gained nothing more than inflation. Let’s see how Seattle’s Case-Shiller index has performed compared to inflation since 2000. In the chart below I’ve plotted Seattle’s Case-Shiller Home Price Index (which comes from the factory indexed to January…
Category: Counties
County-wide statistics.
Foreclosures Ticked Up Slightly in January
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at January’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2012 King: 417 NTS, down 55.1% YOY Snohomish: 235 NTS, down 50.9% YOY Pierce: 282 NTS, down 48.3% YOY Still…
Average & Mode Price Falling With Median Since October
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. One note, I thought of a way to improve on my estimate of mode price (definition of mode). Instead of generating a histogram of sale prices, then taking the midpoint of…
2012: The Year of Crappy Housing Selection
Ordinarily, when the calendar flips over to a new year, it’s like somebody flipped a switch. The direction of on-market inventory literally does a 180 in a single day, from a constant decline through the last quarter to a steady increase leading into spring. This year… not so much: Last year was fairly bad (which…
NWMLS: Redefining “Astounding” as Prices Keep Falling
January market stats were published by the NWMLS this afternoon. Here’s their press release: Housing market “healing itself,” numbers are “astoundingly good” Pending sales may not appear to be much higher than 2011 (up 13.7 percent in January), but the numbers are “astoundingly good,” considering such factors as harsh weather and the tax credits that…