local real estate news, statistics, and commentary without the sales spin.
Home sales volume was at its lowest September level in six years for both King and Snohomish County last month, dipping over 22 percent from a year ago. As a result, the number of homes on the market hit its highest point since early 2012. Foreclosures are still at all-time lows…
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.
Only the low tier was up month-over-month once more in July. The middle tier and high tier both fell…
Let’s have a look at the latest data from the Case-Shiller Home Price Index. According to July data that was released today, Seattle-area home prices were:
Down less than 0.1 percent June to July
Up 12.1 percent YOY.
Up 34.7 percent from the July 2007 peak
Last year at this time prices were up 0.7 percent month-over-month and year-over-year prices were up 13.5 percent…
It’s been six months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.
…
The number of sales in all three tiers has been decreasing month-over-month for the past two months. Month-over-month sales were down five percent in the low tier, down ten percent in the middle tier, and down eight percent in the high tier…
July market stats were published by the NWMLS yesterday. The biggest news is still the climb in inventory, which is up 256 percent from the all-time low that was set back in December. If the current trend continues (a big “if”), it’s entirely possible that by the end of this year inventory will be at its highest point since 2011.