When I posted last week’s 61-year home price history, I promised a follow-up on affordability. So, here it is. Before I get to the chart, here’s a quick refresher on what the “affordability index” is, and what it isn’t. What it is is a simple measure that shows relationship between median home prices, median household…
Tag: Statistics
More on Case-Shiller: Seattle Tiers
A while back, Case-Shiller began releasing more detailed information for each of the twenty markets they track. Specifically, the index can now be viewed broken into three tiers: low-priced, middle-priced, and high-priced. Some readers have expressed interest in this information, so let’s take a closer look at Case-Shiller’s Seattle data. First up is a straight…
Case-Shiller: Seattle’s Trend-Bucking Days are Over
Home prices in Seattle edged down again to within an inch of zero year-over-year change, according to the latest data from the Case-Shiller Home Price Index. Down 1.21% November to December. Up 0.49% YOY. For those of you keeping score at home, that makes five month-to-month declines in a row. Seattle has now declined a…
King County Home Prices: 1946-2007
A while back (September 2006, to be more precise) the Seattle Times published a 22-year “analysis” of King County home prices, which essentially came to the conclusion that Seattle would be immune to the home price drops that were beginning to occur elsewhere around the country. Their graph of local home prices going back to…
2007 Neighborhood Months of Supply Breakdown
Let’s do some more number-crunching and neighborhood analysis. Here’s a detailed look at single-family house “months of supply” (MOS) over the last year, broken down by neighborhood. “Months of supply” is just a way of looking at the relationship between the number of homes on the market and the number of sales taking place. To…