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…
Category: Statistics
Statistics, number-based analysis, etc.
Case-Shiller: Seattle Home Prices Up Again in November
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data, Seattle-area home prices were: Up 0.5% October to November. Up 7.4% YOY. Down 25.9% from the July 2007 peak Last year prices fell 1.2% from October to November and year-over-year prices were down 6.3%. It is a…
Seattle Area Keeps Adding Jobs, Washington Unemployment Falls Below National Rate
Let’s have a look at the Seattle area’s employment situation. First up, year-over-year job growth, broken down into a few relevant sectors: Construction is posting gangbuster gains—up 11.5% year-over-year—as homebuilders attempt to capitalize on the inventory crunch. Finance / Real Estate is posting the smallest gains at just 0.8% year-over-year growth. Here’s a look at…
Cheap Home Sales Picked Up Some Steam in December
Let’s have another look at our monthly sales histogram. The sales distribution curve flattened out a bit between November and December, with low-priced homes inching up and many of the high-price buckets dropping a bit. In November the mode (i.e. the bucket with the most sales) for non-distressed sales was at $350,000 to $400,000, with…
Eastside Sales Surge, Seattle Sales Slip
Let’s 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 end: South County (areas 100-130 &…