local real estate news, statistics, and commentary without the sales spin.
It has been a while since we checked up on stats outside of the King/Snohomish core, so let’s update our “Around the Sound” statistics for Pierce, Kitsap, Thurston, Island, Skagit, and Whatcom counties. This month’s story in a nutshell: Bad news for buyers, great news for sellers. It’s pretty much a terrible time to buy…
As promised, I’ve updated my chart of nominal and real (inflation-adjusted) King County median single-family home prices with data through April. When adjusting into 2015 dollars, the median price peaked at $527,607 in July 2007. April 2015’s median price of $480,000 comes in about 9 percent below that level, and is roughly comparable to where…
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: Northwest Multiple…
April market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release. Pent-up demand triggering record pace of home sales around Western Washington Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by…
In March I wrote a post calling out people who blame investors for rising rents and unaffordable housing. Today I’d like to highlight some reporting that gets it right. This story by KUOW’s Joshua McNichols is a couple weeks old, but he hits the nail on the head, and I wanted to make sure it…