local real estate news, statistics, and commentary without the sales spin.
Statistics, number-based analysis, etc.
September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012…
Home sales volume was at its lowest September level in six years for both King and Snohomish County last month, dipping over 22 percent from a year ago. As a result, the number of homes on the market hit its highest point since early 2012. Foreclosures are still at all-time lows…
Before the month is over, let’s check in in on the latest data from the Consumer Confidence Index.
The overall Consumer Confidence Index currently sits at 138.4, up three percent in a month and up fifteen percent from a year ago…
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.
Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were:
Down less than 0.1 percent June to July
Up 12.1 percent YOY.
Up 34.7 percent from the July 2007 peak
Last year at this time prices were up 0.7 percent month-over-month and year-over-year prices were up 13.5 percent…