The Washington Center for Real Estate Research has released their data for the fourth quarter of 2007, and it finally has some good news for home buyers. According to the WCRER calculations, home prices in Q4 dropped 7% from the previous quarter ($472,000 to $439,000), which naturally edged the affordability index up slightly to a…
Tag: Statistics
2007 Neighborhood Inventory Breakdown
In a lot of the feedback we’ve been getting lately, two recurring themes are a desire for more number-crunching and more neighborhood analysis. So, let’s have some of both those things. Let’s take a more detailed look at single-family house inventory over the last year, broken down by neighborhood. What I’ve done below is to…
NWMLS Stats: Market Still Crumbling, Sorry.
Wow, January stats from the NWMLS are already here. When the press release with pdf links is released I’ll post it here. (Update: Here it is.) For now, here’s the summary along with the usual graphs and other updates. Now with bigger chart thumbnails! Here’s your King County SFH summary: January 2008 Active Listings: up…
Case-Shiller November: Seattle Playing Catch-Up
Home prices in Seattle continued their slide in November, according to the latest data from the Case-Shiller Home Price Index. Down 1.43% October to November. Up 1.77% YOY. That’s the fourth month-to-month decline in a row, and a year-to-year increase of barely more than half of October’s already paltry 3.30%. Here’s the usual graph, with…
2007 Not as Rosy as NWMLS Claims
The TV and radio news stations are all blathering yesterday and today about the 2007 year in review report put out by the NWMLS. Most of the reporting is similar to what you can see at the Seattle Times, where they printed a short, unattributed blurb that basically parrots the positive spin put out by…