local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at how listings are doing over the last few months. First up, here’s a view of how inventory has grown so far this year: Since 2013 started at a record-low level of homes on the market, inventory growth this year has been the largest since 2007, and the third-largest of any…
This poll was active 10.13.2013 through 10.19.2013
Let’s check in on how Consumer Confidence and mortgage interest rates fared during September. First up, here’s the Consumer Confidence data as of September: At 73.2, the Present Situation Index increased 3.2% between August and September, and is currently up 262% from its December 2009 low point. The Expectations Index fell slightly in August, losing…
It’s time for our detailed look at September’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2013 King: 570 NTS, down 32% YOY Snohomish: 311 NTS, down 34% YOY Pierce: 425 NTS, down 35% YOY The number of trustee sale notices decreased month-over-month in all three…
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This…