Geographic Sales Shifts: South County Gains Back Some Ground

Let’s check in on an update of how the sales volume is breaking down among the different price tier regions around the county. For a more in-depth explanation of the process and reasoning behind this data, hit this post. As of August, this is where the median prices were for our regions: low end (South […]

Geographic Sales Shifts: Seattle Still Pulling More Sales

Let’s check in on an update of how the sales volume is breaking down among the different price tier regions around the county. For a more in-depth explanation of the process and reasoning behind this data, hit this post. As of July, this is where the median prices were for our regions: low end (South […]

Median Price Still Being Distorted by Geographic Shifts in Sales

It’s been nearly two years since we originally detailed how changes in the sales mix affects the median price, and with King County’s SFH median bumping up over $30,000 in the last three months, now seems like a good time for a refresher course. In brief, the median price is simply the middle point—the home […]

Revisiting the Median Price Sales Breakdowns

I think it’s a good time to revisit the median price discussion that I first brought up last August. The median price is a decent indicator of the general direction of home prices, but it definitely has shortcomings. The biggest problem is that the median is largely influenced by the mix of sales between high […]

Median Price Not Telling the Whole Truth

When July’s housing stats came out last week, the most confusing piece of data was that despite skyrocketing local inventory and tightening lending across the nation, the median price still jumped up 2.3% from June, bouncing back into double-digit YOY territory at a 10.6% increase since July 2006. While the local press has their own […]