local real estate news, statistics, and commentary without the sales spin.
I haven’t posted this in a few months, but here’s a chart that I keep of the share of sales in each NWMLS region that were bank-owned. In this chart I’ve grouped zip codes into their approximate NWMLS regions, which break South County into SE King and SW King and display Seattle and N King…
March market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Prices "spiking" as home buyers compete for scarce inventory. “All price ranges are feeling a lift,” reported Dick Beeson, principal managing broker at RE/MAX Professionals in Tacoma. Northwest MLS director John Deely echoed that comment: “We are seeing…
Now that March is done, and April 1 fun is done, let’s have a look at our stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in…
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 January data, Seattle-area home prices were: Down 0.3% December to January Up 8.7% YOY. Down 26.5% from the July 2007 peak Last year prices fell 0.7% from December to January and year-over-year prices were down 4.0%. Another month without…