I’ve noticed an interesting trend when looking at weekly home price stats lately. Let’s see if you can spot it in these screenshots from Redfin’s region pages for Seattle, King County, Snohomish County, and Pierce County. Spotted the pattern yet? Here’s a not-so-subtle clue: Nearly every single region I have been looking at has shown…
Category: Statistics
Statistics, number-based analysis, etc.
Redfin: Real Estate Bizarro World in Seattle in February
Full disclosure: The Tim is employed by Redfin. Last Thursday Redfin released their February market data. Here’s an excerpt from the narrative (which I also wrote): Welcome to Real Estate Bizarro World, where falling supply means falling prices and scarce demand still leads to multiple offer situations. 2011 continues to shape up as an unusual…
Bottom-Calling Checkup: Nope, Still No Bottom Sighted.
Let’s take some time to do another checkup on our February 2009 bottom-calling series. In our last checkup back in October we hadn’t found a bottom yet. Let’s see if we’re there yet. First up let’s have a look at an updated version of the “Blind Optimism” forecast chart: Oops. So much for blind optimism….
Foreclosures Resume a Steady Rate of Increase
It’s time once again to expand on our preview of foreclosure activity with a more detailed look at February’s stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: February 2011 King: 923 NTS, up 28% YOY Snohomish: 465 NTS, up 20% YOY Pierce: 540 NTS, up 3% YOY Still…
NWMLS: Sales Slipping, Prices Tumbling
February market stats were published by the NWMLS yesterday. Here’s what they have to say about their numbers: February housing activity yields "reason for optimism". Housing activity during February continued to reflect the downside of distressed properties with fewer sales and lower prices than a year ago. Nevertheless, brokers believe there are reasons for optimism…