Here are a few charts of the latest NWMLS stats that I included in my presentation last week at Crista that I thought would also be worth sharing here. In the following charts each bar represents the number of King County single family homes sold or listed in April of each year since 2000. Record…
Category: Statistics
Statistics, number-based analysis, etc.
Local Incomes Could Afford 22% More Expensive Homes
Let’s take an updated look at home affordability in King County. First up, the affordability index. The affordability index is based on three factors: median single-family home price as reported by the NWMLS, 30-year monthly mortgage rates as reported by the Federal Reserve, and estimated median household income as reported by the Washington State Office…
NWMLS: Median Price Spikes as Bank-Owned Sales Dip
March market stats were just released by the NWMLS. Here’s their press release: Western Washington housing market “energized” and showing signs of “definite turnaround”. Northwest Multiple Listing Service brokers reported double-digit gains in both pending and closed sales during April compared to a year ago, but the most eye-catching number may pertain to prices. For…
April Stats Preview: Long-Term Listings Loss Edition
With April behind us, it’s time for another new 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 in the comments…
Open Houses: Fun, But Probably Pointless
Full disclosure: The Tim is employed by Redfin. Just in time for the National Ass. of Realtors’ Nationwide Open House Weekend, I just posted the results of an analysis I’ve been working on at Redfin to see if holding an open house is at all correlated with the chance that a home will sell. Do…