A common belief (one that I’ve repeated a couple of times here) is that housing trends in the Northwest tend to lag California and the nation as a whole by six months to a year. Obviously we cannot know exactly what will happen here, but if we have generally followed California and the national averages…
Tag: Statistics
What Cities Does Seattle Compare To?
In the last few days I’ve run into a few comments in various discussions about Seattle real estate that have caught my attention: Dean Jones, Condo Marketer: “You might cringe at condos that sell for $2,000 a square foot. But it would be twice that in New York. We’re still, relatively speaking, a bargain.” Bob,…
Our Present Real Estate Cycle
Just for kicks, let’s take another look at the home price YOY change graph that I posted on Wednesday. Click to enlarge I noted that the downward curve on the right that represents the last nine months looks fairly steep. But just how steep is it, compared to the rest of the graph? In order…
Guess What? Inventory Up, Sales Down.
An inside source has supplied me with the latest NWMLS statistics, and they tell exactly the story you would expect if you’ve been paying any attention at all during the prior nine months. For what is now the tenth month in a row, inventory was up and sales were down YOY. In fact, sales have…
Listing History
My thoughts on the issue while working hard. A balanced perspective The dissemination of data from the NWMLS to the public will be limited for a variety of reasons. Safety and protection of potentially personal information of each seller is paramount. I am uncertain whether the issue of safety and protection of personal information should…