local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
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 June data, Seattle-area home prices were: Up 1.8% May to June Up 11.8% YOY. Down 18.6% from the July 2007 peak Last year prices rose 1.8% from May to June and year-over-year prices were up 1.8%. Note that the…
It’s been quite a long time since we updated any of our charts with data from outside King and Snohomish counties. Let’s revisit the “Around the Sound” statistics. Since it’s been so long, I’m starting over from scratch with the format of this post. If there is certain data you would like to see or…
As promised in last week’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…
As volatile as interest rates and home prices have both been this year, I thought it would be good to make the affordability index more of a regular post. So how does affordability look as of July? Not great. The index fell below 100 (i.e. the median-priced home is affordable to a median-income household) for…