local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
Jobs data for December was released last week, so let’s take an updated look at the Seattle area’s unemployment rate and approximate labor participation rate alongside the national numbers. In December the Seattle area’s unemployment rate dipped slightly from 5.6% to 5.3%. The national unemployment rate is still a bit higher, but also declined in…
January is behind us, so let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line…
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 November data, Seattle-area home prices were: Down 0.1% October to November Up 12.4% YOY. Down 16.7% from the July 2007 peak Last year prices rose 0.5% from October to November and year-over-year prices were up 7.4%. Home prices in…
Let’s take a closer look at how listings did over the last few months of 2013 and for the year as a whole. First up, let’s take a look at our yearly summary. In theory the number of homes that are delisted should always show up as a negative number on this chart, but a…