local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
It’s time once again to take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South…
August market stats were published by the NWMLS today. Here’s a snippet from their press release: Western Washington housing market stability continues with modest gains in sales, prices. “Stability” seemed to characterize the direction of Western Washington’s housing market during August, according to new figures from Northwest Multiple Listing Service. Both the volume of sales…
With August behind us, let’s have a look at our monthly stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line in…
Let’s check in on how Consumer Confidence and mortgage interest rates fared during August. First up, here’s the Consumer Confidence data as of August: The overall Consumer Confidence Index currently sits at 92.4, up 2 percent in a month, 13 percent from a year ago, and at its highest point since October 2007. At 94.6,…
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…