Yesterday in our discussion about the wide variety of median price changes in neighborhoods around King County, a question came up: How can two thirds of the neighborhoods be experiencing median price declines but the county-wide median is basically flat? This is a phenomenon we have addressed here in the past, but since it has…
Tag: median
Median Prices Still Crashing in Some Neighborhoods
As we were digging through the February data from the NWMLS, some of us noticed something interesting. While the county-wide median price was basically flat year-over-year, there is a pretty strong divergence from region to region around the county. Here’s what the YOY median price breakdown looks like at the region level: SW King: -12.8%…
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…