September market stats have been published by the NWMLS. Still no good news for buyers. Listings are scarce, sales are strong, and prices dipped, but no more than they do every year in the second half of the year…
Let’s take a look at regular monthly “preview” charts. Now that September is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory hit the highest point since a year ago in King County and were just slightly below last month’s high in Snohomish. Sales are still strong, and foreclosures are nearly non-existent.
Sadly I have nothing particularly new or interesting to share about what happened in the market in September. It’s more of the same cruddy market for buyers: Listings are scarce and sales are still strong…
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 0.6 percent June to July
Up 13.5 percent year-over-year.
Up 20.2 percent from the July 2007 peak
Over the same period last year prices were up 0.6 percent month-over-month and year-over-year prices were up 11.2 percent.
To get a sense of just how nuts it is here in Seattle compared to pretty much everywhere else, consider this chart of year-over-year home price changes in all twenty Case-Shiller cities over the past year and a half…
Every month I hope to see some good news for buyers in the numbers. Every month I am disappointed. Listings are still in short supply, sales are strong, and prices just keep going up at a breakneck pace. Sorry, buyers…
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.
July market stats have been published by the NWMLS. Let’s dive into the numbers for July.
Prices keep climbing as listings are still scarce. What more is there to say? So far this year we haven’t seen any movement in the trends that point to some kind of change coming soon in the market.
Let’s take a look at regular monthly “preview” charts. Now that July is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory edged up again but is still at historic lows. Sales are slipping slightly year-over-year but are still quite strong. Here’s the snapshot of […]