local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
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…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 1.1% May to June Up 8.6% YOY. Down 11.6% from the July 2007 peak Last year prices rose 1.8% from May to June and year-over-year prices were up 11.8%. The June data…
It’s a bit past time for our detailed look at July foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2014 King: 458 NTS, down 16% YOY Snohomish: 174 NTS, down 38% YOY Pierce: 423 NTS, down 1% YOY The number of trustee sale notices continues to…
Let’s take a closer look at how listings fared in July of this year compared to years past. First up, here’s a look at how many new listings hit the market in July, comparing July 2014 to July in every year I’ve got data for. New listings maintained the “six-year high” level they set back…
Continuing our “Another Bubble?” series, it’s time to take a look at the affordability index. As King County’s median home price has surged from $405,400 in February to $468,000 in July, the affordability index has dropped from slightly above the long-term average to just below 100. An index level above 100 indicates that the monthly…