local real estate news, statistics, and commentary without the sales spin.
January market stats have been published by the NWMLS. They haven’t put up their press release yet, so let’s get on with the stats.
Still no sign of hope for buyers here or on the near horizon. Listings are way down, sales are still strong, and while the median price did dial back a bit from December to January, it’s still within five percent of the all-time high.
Now that January is behind us, let’s take a look at the local housing market stats for the month. Short story: Somehow the market got even worse for homebuyers. Nearly nothing for sale and still strong competition.
Sales came in a good bit stronger than a year ago, but listings dropped to another new all-time lows in both counties. Foreclosures are still at their historic lows…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to November data that was released this morning, Seattle-area home prices were: Up 0.2 percent October to November Up 10.4 percent YOY. Up 6.8 percent from the July 2007 peak Over the same period last year prices were up 0.4…
December market stats were published by the NWMLS yesterday afternoon.
Basically another terrible month for home buyers. Inventory hit an all-time low, but despite that, sales were actually up from a year ago. The one good note is that prices have been flat for the last three months. Small comfort.
December is done, so let’s take a look at the local housing market stats for the month. Short story: Record-low inventory and sales falling just slightly.
Sales came in weaker than last year, and also fell from November to December. Listings dropped to new all-time lows in both counties. Foreclosures are still at their historic lows.