November Stats Preview: Double the inventory, double the fun

It’s pretty much the same story as last month: Home sales volume was down considerably from a year ago and the number of homes on the market is up dramatically, nearly doubling from a year ago. Foreclosures are still very rare, although the number of notices did tick up a bit month-over-month.

Case-Shiller: Seattle is #1! …for month-over-month price declines

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

Down 1.3 percent August to September
Up 8.4 percent YOY.
Up 30.2 percent from the July 2007 peak

Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 12.9 percent.

NWMLS: Inventory up big from 2017, sales slip

October market stats were published by the NWMLS today. Home prices were basically flat from September, and inventory dropped a bit but was up dramatically from 2017. Sales continued to slip from last year as well. September’s year-over-year listing growth was an all-time record at 68 percent, but October’s 86 percent blew that out of the water…

October Stats Preview: Inventory nearly doubles from 2017

Home sales volume was down considerably from a year ago in both King and Snohomish County last month, dipping over 16 percent in both counties. Meanwhile, the number of homes on the market began the usual seasonal declines, but were still up 83 percent in King County and 63 percent in Snohomish. Foreclosures are still very rare, although the number of notices did tick up a bit month-over-month.

Case-Shiller: Seattle home prices fell more than anywhere else between July and August.

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

Down 1.6 percent July to August
Up 9.6 percent YOY.
Up 31.9 percent from the July 2007 peak

Last year at this time prices were down 0.3 percent month-over-month and year-over-year prices were up 13.2 percent.

Real Estate Heat Index plummets in 2018—now at lowest level in over six years

Like the charts and data that I’m posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as other perks! We haven’t taken a look at my “Residential Real Estate Heat Index” for King County single-family […]

Around the Sound: Inventory growth, sales declines spread outside of King County

With September’s stats in hand, let’s look at broader Puget Sound area. Here’s the latest update to our “Around the Sound” statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties.

The biggest gains in new listings and active inventory are still in King County. Snohomish, Pierce, Kitsap and Thurston all also saw some decent gains in inventory, but in Island, Skagit, and Whatcom inventory was flat or still down. Meanwhile, closed sales are falling everywhere but Whatcom.