local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
Although total active inventory is still near record lows, here’s some good news: inventory growth so far in 2013 is the best we’ve seen since 2008: As of the end of June there were 42.72% more listings on the market than there were at the beginning of the year. That just barely edges out the…
As promised last week, it’s time 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…
As promised earlier this week, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of June, the non-distressed median price for King County single family home sales sits at $460,000, up 7.0% from a year earlier and up 4.3% from May. Last year…
It’s time for our detailed look at June’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 584 NTS, down 9% YOY Snohomish: 349 NTS, down 10% YOY Pierce: 506 NTS, up 24% YOY Just as predicted, we’ve started to flip to year-over-year declines. This…
With the dramatic increase in mortgage interest rates that we’ve seen over the last few weeks, I thought that it now would be a good time to take another look at what the affordability numbers look like. As a reminder, the affordability index is based on three factors: median single-family home price as reported by…