Full disclosure: The Tim is employed by Redfin. Redfin released October housing market data today, so let’s take a look at the rate at which new listings are going under contract in two weeks or less in the Seattle area, compared to San Francisco and the national rate: Yikes! That’s a big spike in Seattle…
Category: Statistics
Statistics, number-based analysis, etc.
Non-Distressed Median Price Up 6 Percent from 2011
Let’s check up on how median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of October, the non-distressed median price for King County single family home sales sits at $415,000, up 6.4% from a year earlier. This is down 3.5% from this year’s high point of $430,000 that was…
Bank-Owned Sales Bounce Along Near Low
After plunging from 23 percent of sales in February to 6.3 percent in August, the share of single-family home sales that were bank-owned in King County has been bumping along near that level for the last three months, coming in at 6.9 percent in October. If 2010 and 2011 are any indication, this number will…
Reader Question: Home Prices in Gold?
A reader emailed me with a question about home prices compared to gold: Any easy way for you to compare Case-Shiller home prices to gold? I have a hunch prices have dropped much more dramatically than we realize, as our USD goes in the tank. Maybe Goldman’s 22% drop prediction was closer if the nasty…
NWMLS: Inventory Hit a Record Low in October
October market stats were published by the NWMLS this morning. Here’s what they have to say about their numbers: Housing recovery continues with prices rising as inventory dips to lowest level since 2006. The shortage of inventory is helping propel prices. J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, commented on…