Category: Counties

County-wide statistics.

Case-Shiller: Seattle Home Prices Strong In October

Posted on by The Tim

Happy New Year everyone!

Yes, it’s late (vacation), but I wanted to post these charts anyway. I’ll post again later today with the monthly stats preview for December data.

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

Up 0.2 percent September to October
Up 10.7 percent YOY.
Up 6.6 percent from the July 2007 peak

Over the same period last year prices were up 0.5 percent month-over-month and year-over-year prices were up 8.8 percent.

Seattle home prices as measured by Case-Shiller inched up to another new all-time high in October.

NWMLS: Closed Sales Strong (For A November)

Posted on by The Tim

November market stats were published by the NWMLS this morning. Here’s their press release:

Real Estate Brokers Expect No Holiday Breather
Sales Stay Strong and Supplies Remain Low

Pending sales of homes hit an all-time high for the month of November according to the latest statistics from Northwest Multiple Listing Service. The report covering 23 counties around Washington state also shows the number of new listings added during the month plunged to the lowest level in 11 months, prompting MLS leaders to predict a busy winter for residential real estate as buyers compete for the smallest inventory since March.
…
“November’s pending sales for the four-county area of King, Snohomish, Pierce and Kitsap were the highest since 2005. There were 44 percent more pendings than new listings,” noted J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, who described market activity as a mini power surge. “Every time interest rates increase 0.5 percent we see these surges because buyers become anxious about increasing rates – but on a historical basis rates are still amazing,” he remarked.

You can always count on Lennox. Breathless as usual…

NWMLS: Mostly Bad News For Buyers In October

Posted on by The Tim

October market stats were published by the NWMLS this morning. They haven’t posted their press release yet, so I don’t have the usual excerpt from that. Let’s take a look at the numbers.

September was a mixed bag, with some numbers moving in buyers’ favor, but October was pretty much all bad news for buyers. The only news that wasn’t pretty terrible for home buyers was that pending sales were down slightly in a month that often sees a slight increase in other years…

October Stats Preview: The Year-End Listings Decline Begins

Posted on by The Tim

October is done, so let’s take a look at the local housing market stats for the month. Short story: the typical seasonal drop in listings and sales is well underway. Listings dropped quite a bit from the previous month, back into negative year-over-year territory.

Sales came in stronger than last year even though they fell from September to October. Listings dropped in both counties. Foreclosures are still at their historic lows…