local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
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 1.1% May to June Up 8.6% YOY. Down 11.6% from the July 2007 peak Last year prices rose 1.8% from May to June and year-over-year prices were up 11.8%. The June data…
It’s a bit past time for our detailed look at July foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: July 2014 King: 458 NTS, down 16% YOY Snohomish: 174 NTS, down 38% YOY Pierce: 423 NTS, down 1% YOY The number of trustee sale notices continues to…
Let’s take a closer look at how listings fared in July of this year compared to years past. First up, here’s a look at how many new listings hit the market in July, comparing July 2014 to July in every year I’ve got data for. New listings maintained the “six-year high” level they set back…
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…
Continuing our “Another Bubble?” series, it’s time to take a look at the affordability index. As King County’s median home price has surged from $405,400 in February to $468,000 in July, the affordability index has dropped from slightly above the long-term average to just below 100. An index level above 100 indicates that the monthly…