What will the Seattle real estate market look like eight years from now? Not much different than it does today, if “Parks & Recreation” is to be believed. For those who have been living in a TV culture vacuum for the last seven years, Parks & Recreation was an NBC TV show about local government…
NWMLS: Sales and Listings Both Inched Up in February
February market stats were published by the NWMLS yesterday. Before we get into our monthly stats, let’s have a look at their press release. Early Spring Brings Bumper Crop of Homebuyers Who Face Inventory Drought Favorable weather and restored confidence are propelling home buying activity around Western Washington to the highest level in nearly a…
February Stats Preview: Dead of Winter Edition
With February in the books, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: Listings inventory inched up from its January all-time low in King County, but…
Case-Shiller Tiers: A Mostly Flat December
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…
Case-Shiller: Seattle Home Prices Flat in December
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to December data, Seattle-area home prices were: Down less than 0.1% November to December Up 6.6% YOY. Down 11.7% from the July 2007 peak Last year at this time prices fell 0.5% month-over-month and year-over-year prices were up 12.4%. Year-over-year…