local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back…
June market stats were published by the NWMLS this afternoon. Here’s a snippet from their press release: Northwest MLS brokers say market stays "extremely competitive;" some industry experts believe "housing affordability may never be better". Current market conditions — including rising mortgage rates, tight inventory and declining unemployment — are driving even more buyers into…
The relatively large gains we’ve seen in active listings over the last few months have reversed a nearly three-year trend of ever-shrinking inventory. I thought would be interesting to see how long it will take us to get back to a respectable level. Here’s what inventory will look like if the April to June trend…
Now that the month of June is behind us, let’s have a look at our 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,…
It’s time for another check in on Consumer Confidence. Here’s the data as of June: At 69.2, the Present Situation Index has gained 243% from its December 2009 low point, and sits at its higest level since June 2008. The expectations index also rose in June, gaining 11% from its May level. Apparently rising rates…