Tag: Statistics

NWMLS: Prices are obscene and the market is still stupidly hot, but June saw a record high monthly increase in inventory

Posted on by The Tim

June market stats have been published by the NWMLS. Their press release hasn’t been published yet, so maybe we’ll do a reporting roundup tomorrow and take a look at Lennox Scott’s breathless Lereah-esque bloviations.

For now, let’s just dive into the numbers for June.
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New listings are coming on at a decent pace and inventory actually saw a decent increase, but buyers are still snatching up most listings very quickly. The average time on market in King County for single-family home sales that closed in June was just 17 days—an all-time low…

June Stats Preview: Listings Inch Up, Sales Still Strong

Posted on by The Tim

Let’s take a look at regular monthly “preview” charts. Now that June is in the past let’s take a look at the local housing market stats for the month. Short story: Inventory bumped up slightly, but is still in the gutter. Sales are still very strong.

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Listings are still very scarce, but at least they’ve bumped up quite a bit from the all-time low. Sales are strong, and hit their highest point since sometime before 2009 in Snohomish County.

Case-Shiller Tiers: Prices In All Tiers Skyrocket in 2017

Posted on by The Tim

Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties.

All three tiers have basically been skyrocketing month-over-month since January. Not a great sign for anyone hoping for a slowdown this year.

Case-Shiller: Seattle Real Estate is Hot, Hot, HOT!

Posted on by The Tim

Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to March data that was released this morning, Seattle-area home prices were:

Up 2.6 percent March to April
Up 12.9 percent year-over-year.
Up 15.7 percent from the July 2007 peak

Over the same period last year prices were up 2.1 percent month-over-month and year-over-year prices were up 10.7 percent.

Seattle home prices as measured by Case-Shiller shot up yet again to a new all-time high in April, and let the nation in month-over-month and year-over-year price gains for the third month in a row. We’re also the only market still seeing double-digit year-over-year price gains. #SeattleIsSpecial

NWMLS: “May was a Grand Slam” …For Home Salespeople

Posted on by The Tim

May market stats have been published by the NWMLS this morning. Here’s their press release: Brokers suggest improving inventory may mean”season of opportunity” for weary house hunters

Pending sales have now been down year-over-year for four months in a row, but for three of those four months, closed sales have increased, which is certainly a bit odd. Perhaps this is indicative of a shift from last year toward fewer pending sales falling through. I’ll see if I can find anything else interesting in the data about that…