Category: Statistics

Statistics, number-based analysis, etc.

Case-Shiller Tiers: January Sets Up Another Strong Year

Posted on by The Tim

It is a little late for this but it’s been a few months so I wanted to make sure we posted the update on Case-Shiller’s three price tiers.

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 on the tier methodologies, hit the full methodology pdf. Here are the current tier breakpoints:

  • Low Tier: < $334,320 (down 0.2%)
  • Mid Tier: $334,320 – $532,269
  • Hi Tier: > $532,269 (down 0.1%)

All three tiers are increasing month-over-month, and look to be setting up another year of big price increases.

Between December and January, the low tier increased 0.5 percent, the middle tier rose 0.5 percent, and the high tier was up 0.5 percent. Somehow this translates to an overall increase of 0.6 percent.

Case-Shiller: Seattle Home Prices Up, Up, Up In January

Posted on by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data that was released this morning, Seattle-area home prices were:

Up 0.6 percent December to January
Up 11.3 percent year-over-year.
Up 7.9 percent from the July 2007 peak

Over the same period a year earlier prices were up 0.1 percent month-over-month and year-over-year prices were up 10.5 percent.

Seattle home prices as measured by Case-Shiller inched up yet again to a new all-time high in January.

NWMLS: Record Low For Listings, Sales Slip Slightly

Posted on by The Tim

February market stats have been published by the NWMLS this week. Here’s their press release.

Housing Inventory Reaches Record Low

Home buyers are in a spring mood, but sellers are still hibernating, suggested one broker while commenting about the latest statistics from Northwest Multiple Listing Service. Figures for February and feedback from brokers indicate record-low inventory is spurring multiple offers, rising prices, fewer sales, and frustrated house-hunters.
…
“Our robust market has created extreme conditions, and we’re seeing frenzy hot activity on each new listing coming on the market,” reported J. Lennox Scott, chairman and CEO of John L. Scott. “We’re also experiencing some of the lowest inventory levels on record,” he noted.

Frenzy hot! Mad hot! Crazy hot! Hot hot HOT!