local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
It’s been a year and a half since we looked at how real estate commissions are faring—well past time for an update. For these charts I have estimated the total commissions for 2013 based on the sales volume and prices for the first half of the year. The final numbers will no doubt be slightly…
New local job stats came out this week, so let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Since things are getting really jumbled together lately on that chart, I broke down just the last year and zoomed in so you can…
Although total active inventory is still near record lows, here’s some good news: inventory growth so far in 2013 is the best we’ve seen since 2008: As of the end of June there were 42.72% more listings on the market than there were at the beginning of the year. That just barely edges out the…
As promised earlier this week, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of June, the non-distressed median price for King County single family home sales sits at $460,000, up 7.0% from a year earlier and up 4.3% from May. Last year…
It’s time for our detailed look at June’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 584 NTS, down 9% YOY Snohomish: 349 NTS, down 10% YOY Pierce: 506 NTS, up 24% YOY Just as predicted, we’ve started to flip to year-over-year declines. This…