September Reporting Roundup: “The Market Is Still Strong”

Posted on by The Tim

It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat).

To kick things off, here’s an excerpt from the NWMLS press release:

Western Washington Housing Market Still Strong
It’s still a seller’s market, but some leaders from Northwest Multiple Listing Service think the imbalance may be easing in some areas, pointing to a slower pace of sales and moderating prices. Others aren’t convinced, citing mixed indicators…

NWMLS: Listings Up, Prices Down August To September

Posted on by The Tim

September market stats were published by the NWMLS today. The NWMLS press release has not been published yet, so we’ll take a look at that tomorrow.

After a month when everything was moving in sellers’ favor, September was much more of a mixed bag. Listings saw their largest year-over-year increase since May 2014, pushing months of supply up slightly as pending and closed sales both fell from August…

September Stats Preview: A Late-Summer Listings Bump

Posted on by The Tim

September brought some good-ish news for potential homebuyers. During a time of year that the number of homes on the market typically begins to decline, King County and Snohomish County each saw listings increase slightly from the previous month. We’re still far from a buyer’s market, but it’s a bit of a surprising turn.

While inventory increased slightly, sales still came in strong, beating last year’s September levels in both counties but sharply declining from August. Foreclosures also remain near their all-time low levels…

Case-Shiller: Seattle Home Prices Inched Up In July

Posted on by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released this morning, Seattle-area home prices were:

Up 0.6 percent June to July
Up 11.2 percent YOY.
Up 5.9 percent from the July 2007 peak

Over the same period last year prices were up 0.4 percent month-over-month and year-over-year prices were up 7.2 percent.

The Seattle area’s Case-Shiller home price index hit yet another new all-time high in July, and turned in stronger numbers than a year ago across the board. Again. This matches with the July data we’ve already seen from public records and NWMLS.