local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
Let’s take a look at how affordability is doing in the Seattle area after the last couple months of changes in home prices and interest rates. So how does affordability look as of January? Roughly the same place it’s been bouncing around since last June. The index inched back up to 103.6 from 100.8 in…
Let’s take a closer look at how listings increased (or didn’t) in January. Here’s a view of how inventory has grown so far this year: After improving over the last few months, on-market inventory growth lost some traction in January, falling to the second-lowest level on record when compared to December. Next, here’s how many…
It’s time for our detailed look at January’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2013 King: 479 NTS, down 55% YOY Snohomish: 285 NTS, down 50% YOY Pierce: 407 NTS, down 44% YOY The number of trustee sale notices increased month-over-month in Snohomish and…
Let’s take a look at the breakdown of what sectors are adding jobs locally and what sectors are losing jobs. This was scheduled for last week but the NWMLS data came out a bit earlier than I had expected. First up, year-over-year job growth, broken down into a few relevant sectors over the past four…
January market stats were published by the NWMLS yesterday. Here’s a snippet from their press release: Western Washington housing market "definitely in full recovery mode". Home sales during January may not have been as super as the Seahawks’ performances, but brokers cite several reasons for optimism during 2014. “We are finally going to be looking…