In the comment thread on yesterday’s post there was some discussion about the ever-growing gap between pending sales and closed sales. Here’s a simple look at how they stack up through July (since August stats aren’t out just yet): The massive difference between pending and closed sales brings up the question: Is there really a…
Category: Statistics
Statistics, number-based analysis, etc.
August Housing Market Stats Preview
Now that August is behind us, let’s have a look at the monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records. If you have additional stats you’d like to see in the “preview,” drop a line in the comments…
What the Heck is the Affordability Index, Anyway?
Seattle Times business reporter Eric Pryne quoted me yesterday in his article about the affordability index, and as I was reading through the comments posted at the Seattle Times website, I noticed an awful lot of misconceptions about what the affordability index is, and what it tells us. So, I thought maybe it would be…
Case-Shiller Tiers: High Tier Flat, Low & Mid Tiers Inch Upward
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 Bump Up Slightly Again in June
Let’s make our regularly scheduled monthly check on the Case-Shiller Home Price Index. According to June data, Up 0.4% May to June. Down 0.3% May to June (seasonally adjusted) Down 16.1% YOY. Down 22.2% from the July 2007 peak Last year prices fell 0.2% from May to June (not seasonally adjusted) and year-over-year prices were…