Winter for Seattle home prices continued in February according to the latest data from the Case-Shiller Home Price Index. Down 1.0% January to February. Down 2.7% YOY. The only people surprised by this data are the real estate agents that really believed it in 2006-2007 when they told people that it was “a great time…
Tag: Statistics
Home Buying Demand vs. Price Changes
In theory, there are two factors that affect the price of homes: supply and demand. We’ve looked extensively at the relationship between supply (inventory) and price in the past. Let’s take a look at the relationship between demand and price. For the purpose of this post, we will measure demand by looking at the relationship…
Puget Sound Counties March NWMLS Update
Here’s an update to the NWMLS statistics for all six Puget Sound counties. I don’t personally want to live in King County, and maybe you don’t either. So, here’s a little graphical look at what the market looks like around the sound. Here’s where the YOY stats stand for each of the six counties as…
March Neighborhood Months of Supply Update
Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Remember our metric: less than 6 MOS is a sellers market and above 6 is a buyer’s market,…
NWMLS: Anybody seen my spring mojo? I can’t find it.
One thing I’ll say for the NWMLS, they have been prompt lately about releasing the monthly statistics. Let’s take a look at March, typically the beginning of the strong spring selling season. When the press release with pdf links is released I’ll post it here (though it may be delayed somewhat since I am heading…