local real estate news, statistics, and commentary without the sales spin.
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: Favorable weather…
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…
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…
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…
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…