local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
Now that June is behind us, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: Sales shot up to a multi-year high in both counties, inventory barely…
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…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to April data, Seattle-area home prices were: Up 2.3% March to April Up 7.5% YOY. Down 7.4% from the July 2007 peak Last year at this time prices rose 2.3% month-over-month and year-over-year prices were up 11.2%. Year-over-year and month-over-month…
A recent commenter had some questions about inventory: …how much of the “low inventory” story is really a story of “high churn”? …it doesn’t seem like there is really a shortage of inventory, but rather that there is a shortage of stale inventory. Would be really curious to see how how new listing rates for…
It’s been a few months since we took a detailed look at foreclosure stats in King, Snohomish, and Pierce counties, so let’s update those numbers. First up, the Notice of Trustee Sale summary: May 2015 King: 306 NTS, down 27% YOY Snohomish: 162 NTS, down 18% YOY Pierce: 279 NTS, down 14% YOY The number…