local real estate news, statistics, and commentary without the sales spin.
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. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to June data, Seattle-area home prices were: Up 1.8% May to June Up 11.8% YOY. Down 18.6% from the July 2007 peak Last year prices rose 1.8% from May to June and year-over-year prices were up 1.8%. Note that the…
It’s been quite a long time since we updated any of our charts with data from outside King and Snohomish counties. Let’s revisit the “Around the Sound” statistics. Since it’s been so long, I’m starting over from scratch with the format of this post. If there is certain data you would like to see or…
It’s time once again to take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South…
July market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Home sales, prices still rising in Western Washington despite lean inventory and increasing mortgage rates. Rising interest rates, rising prices and rising consumer confidence are creating a “positive cyclone of home sales activity,” according to members of the…