Now that 2008 Q4 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. In Q2, 15.9% of pending sales fell through. In Q3, it was 20.7%. Below is the updated chart including 2008 Q4. It shows quarterly King County SFH pending sales volume from…
Category: Statistics
Statistics, number-based analysis, etc.
NWMLS: Home Prices Rewound to August 2005
Is it time for January market statistics from the NWMLS already? Yes it is. Here’s the NWMLS press release. “The market seems to be gaining momentum, and buyers seem to be feeling more confident,” reports Northwest MLS director Meribeth Hutchings. Agents are more optimistic and banks are getting more realistic on pricing bank-owned homes and…
Case-Shiller Tiers: Prices Break Back into 2005
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. First up is the straight graph of the index from January 2000 through November 2008. Price declines were sharper in November in all…
Case-Shiller: Seattle Price Drops Continue to Accelerate
It’s time once again for our monthly update to the Case-Shiller Home Price Index. According to November data, Down 2.5% October to November. Down 11.2% YOY. Down 13.6% from the July 2007 peak Last year prices fell 1.4% from October to November and year-over-year prices were up 1.8%. Here’s the usual graph, with L.A. &…
December Neighborhoods Months of Supply Update
Time (or past time) to take a look at December’s “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas here. December MOS for King County as a whole…