local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
May market stats were published by the NWMLS this afternoon. Here’s a snippet from their press release: Housing Market Righting Itself as Buyers, Brokers Get Creative to Compete. Housing around Western Washington is on an upward trajectory, but inadequate inventory “in the right prices and locations” makes for a “very difficult market for purchasers and…
Now that May is over, 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…
Before we shelf the March Case-Shiller data, let’s have a look at my favorite alternative Case-Shiller charts. First up, let’s take a look at the twenty-city month-over-month scorecard. Here’s the original post introducing this chart if you’d like more details. Click the image below to enlarge, or click here for a super-wide version with the…
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 February data, Seattle-area home prices were: Up 1.9% February to March Up 11.6% YOY. Down 15.7% from the July 2007 peak Last year prices rose 3.0% from February to March and year-over-year prices were up 10.6%. Since this year’s…