Category: Counties

County-wide statistics.

Case-Shiller: Seattle On Top Again in June

Posted on by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data that was released this morning, Seattle-area home prices were:

Up 1.4 percent May to June
Up 13.4 percent year-over-year.
Up 19.4 percent from the July 2007 peak

Over the same period last year prices were up 1.4 percent month-over-month and year-over-year prices were up 11.0 percent.

Home price growth in Seattle as measured by Case-Shiller show no signs of slowing. Seattle leads the nation yet again in year-over-year home price growth. However, there was one city that passed Seattle in month-over-month price gains in June—Detroit, of all places.

Case-Shiller: Seattle Home Prices the hottest in the nation. Again.

Posted on by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were:

Up 1.8 percent April to May
Up 13.3 percent year-over-year.
Up 17.7 percent from the July 2007 peak

Over the same period last year prices were up 1.4 percent month-over-month and year-over-year prices were up 10.7 percent.

Home price growth in Seattle as measured by Case-Shiller show no signs of slowing. Seattle leads the nation yet again in month-over-month and year-over-year home price growth. Thanks, Amazon.

King Co. SFH New Listing Absorption Rate

New Listing Absorption Dropping Rapidly From December High

Posted on by The Tim

By request, here are a few alternative takes on recent home listing activity. Since one of the biggest issues driving the current crazy market is a lack of enough home listings, we can get an idea of whether or not there is any relief on the horizon for buyers by looking at listing activity.

First up, here’s a chart I just created: New listing absorption. This is a simple look at the ratio of pending sales to new listings. If more homes are going pending in a month than there are being listed, this ratio goes above 100 percent, which is obviously not great for buyers.

…what’s interesting to me about this chart is that just last December we saw new listing absorption an all-time high of 159%, while as of June it has fallen to almost the lowest level since the market bottomed out in 2011. However, this is obviously a very seasonal metric, and the low point for the year usually comes in June or July, so it would not be surprising if this is the lowest level we see this year.