As you may recall, a few months ago the NWMLS statistics for April showed a slight increase in prices (+2.0%) month-to-month. Well, the April Case-Shiller Home Price Index has been published, and surprisingly, they show an increase for April as well, but not nearly as much: Up 0.7% March to April. Down 4.9% YOY. According…
Category: Statistics
Statistics, number-based analysis, etc.
Does Record Inventory == Larger Selection?
I received a question recently from a reader that can basically be boiled down to “does record-high inventory really equate to the ‘larger selection’ that real estate agents have been touting recently?” Here is their reasoning for asking: Let’s say (just making numbers up here) that during the boom years 10 houses with your parameters…
May Neighborhoods Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” 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. Remember: Over 6 MOS is a buyer’s market, which gives buyers more negotiating power, but doesn’t mean homes…
Puget Sound Counties May NWMLS Update
Let’s check in on the NWMLS statistics from around the sound and see if the bottom is in yet for any of the seven Puget Sound counties we’re tracking. Here’s where the YOY stats stand for each of the six counties as of May 2008: King – Price: -6.2% | Listings: +41.7% | Sales: -38.7%…
NWMLS: Sales and Prices Take Record-Breaking Dive
It’s time for NWMLS statistics. Let’s have a look at how May turned out. Update: The NWMLS press release is now live, with a headline that does not disappoint: Northwest MLS Brokers Report Buyers Slow to Take Advantage of Market Conditions. You can download the latest stats pdfs there as well. Here is your summary…