local real estate news, statistics, and commentary without the sales spin.
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data, Seattle-area home prices were: Up 1.7% February to March. Down 1.3% YOY. Down 31.8% from the July 2007 peak Last year prices rose 0.1% from February to March and year-over-year prices were down 7.5%. I stand by…
In order to quantify just how absurd this year’s spring bounce has been, here are a few charts I generated from the single-family home data on Redfin’s region page for King County: Listings continue to drop through the floor. The selection this year really is abysmal. Meanwhile, listing prices are soaring through the roof. They…
Before we put away the Case-Shiller data for another month, let’s check in on the second derivative. For an introduction to this particular view, hit the original post from March. First up, the plot of both the first derivative (year over year changes) and the second derivative (month over month changes in the year over…
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…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to February data, Seattle-area home prices were: Down 0.8% January to February. Down 2.9% YOY. Down 32.9% from the July 2007 peak Last year prices fell 1.9% from January to February and year-over-year prices were down 7.5%. Still moving closer…