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 December data, Seattle-area home prices were: Down 0.5% November to December Up 12.4% YOY. Down 17.2% from the July 2007 peak Last year prices fell 0.5% from November to December and year-over-year prices were up 8.2%. Home prices in…
It’s time for us to check up on stats outside of the King/Snohomish core with our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. If there is certain data you would like to see or ways you would like to see the data presented differently, drop a comment below and…
As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage…
Let’s take a look at how affordability is doing in the Seattle area after the last couple months of changes in home prices and interest rates. So how does affordability look as of January? Roughly the same place it’s been bouncing around since last June. The index inched back up to 103.6 from 100.8 in…
Let’s take a closer look at how listings increased (or didn’t) in January. Here’s a view of how inventory has grown so far this year: After improving over the last few months, on-market inventory growth lost some traction in January, falling to the second-lowest level on record when compared to December. Next, here’s how many…