December market stats were published by the NWMLS this afternoon. Here’s their press release: “Healthy marketplaces” emerging with shrinking inventory, favorable financing “All over we are seeing healthy marketplaces emerge as the inventory levels drop,” said J. Lennox Scott, CEO and chairman of John L. Scott Real Estate. “As you get closer to the job…
Category: Statistics
Statistics, number-based analysis, etc.
December Stats Preview: Inventory Erasure Edition
As we wrap up our 2011 coverage, let’s have an early look at December’s stats. 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…
Case-Shiller Tiers: Low Tier Hits 40% Off Peak
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…
Case-Shiller: Seattle Home Prices Still Falling
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to October data, Seattle-area home prices were: Down 1.0% September to October. Down 6.2% YOY. Down 30.2% from the July 2007 peak Last year prices fell 1.3% from September to October and year-over-year prices were down 4.1%. No big surprise…
Fishy NWMLS Sales “Increase” in November
Full disclosure: The Tim is employed by Redfin. I noticed something a little fishy in last month’s sales numbers from the NWMLS. See if you can spot it in the closed sales chart: Notice how the number of closed sales ticked up between October and November this year, when every other year there was a…