local real estate news, statistics, and commentary without the sales spin.
County-wide statistics.
Here’s a view on listings that we haven’t visited in a while. In this chart I use the NWMLS-published data on new listings, pending sales, and total inventory to visualize the inflow and outflow of single-family listings in King County. First up is a chart that goes back as far as NWMLS data is available:…
Let’s have another look at our monthly sales histogram. After flattening out somewhat between November and December the sales distribution curve became much steeper in January as sales above $300,000 fell off dramatically. In December the mode (i.e. the bucket with the most sales) for non-distressed sales was at $350,000 to $400,000, but in January…
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at January’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: January 2013 King: 1,060 NTS, up 154% YOY Snohomish: 566 NTS, up 141% YOY Pierce: 723 NTS, up 156% YOY All…
As promised on yesterday, 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 January, the non-distressed median price for King County single family home sales sits at $407,000, up 3.8% from a year earlier and virtually flat from December (down $1,000). This…
Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In January 2012 22.3% of the sale of single-family homes in King County were bank-owned. In January 2013 that number was just 9.3%. Although the number is much lower than it was a year ago,…