A reader emailed me with a question about home prices compared to gold: Any easy way for you to compare Case-Shiller home prices to gold? I have a hunch prices have dropped much more dramatically than we realize, as our USD goes in the tank. Maybe Goldman’s 22% drop prediction was closer if the nasty…
Tag: Statistics
NWMLS: Inventory Hit a Record Low in October
October market stats were published by the NWMLS this morning. Here’s what they have to say about their numbers: Housing recovery continues with prices rising as inventory dips to lowest level since 2006. The shortage of inventory is helping propel prices. J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, commented on…
October Stats Preview: Late Sales Leap Edition
With October behind us, 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 the preview, drop a line in the…
Case-Shiller Tiers: Low Tier Hits Break-Even
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…
Case-Shiller: Seattle Home Prices Up 3% From 2011
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to August data, Seattle-area home prices were: Down 0.1% July to August. Up 3.4% YOY. Down 26.3% from the July 2007 peak Last year prices fell 0.3% from July to August and year-over-year prices were down 6.1%. Almost every city…