very different from last time<\/a>, and we need to look at a more complete picture before we can definitely say this is a new bubble. I’ll be updating some of those broader charts later this month.<\/p>\nStill though\u2026 damn.<\/p>\n","protected":false},"excerpt":{"rendered":"
After the final 2017 Seattle-area real estate sales data was released last week by the NWMLS, I updated my chart of the “Residential Real Estate Heat Index” for King County single-family homes and condos.<\/p>\n
As a reminder, the “Residential Real Estate Heat Index” is an index that rolls changes in the median price, new listings, total inventory, pending sales and closed sales all into a single number to measure the relative “heat” of the market. Note that this index only<\/em> looks at the real estate sales market. It does not factor in any other economic conditions such as wages, interest rates, rents, etc.<\/p>\nBelow is the latest data for the heat index of King County single-family homes and condos\u2026<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"On the blog: Real Estate Heat Index off the charts in 2017","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[1051,1091,599],"coauthors":[1158],"class_list":["post-104977","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-another-bubble","tag-housing-bubble-2-0","tag-real-estate-heat-index"],"yoast_head":"\n
Real Estate Heat Index off the charts in 2017 \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Real Estate Heat Index off the charts in 2017 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"After the final 2017 Seattle-area real estate sales data was released last week by the NWMLS, I updated my chart of the "Residential Real Estate Heat Index" for King County single-family homes and condos. As a reminder, the "Residential Real Estate Heat Index" is an index that rolls changes in the median price, new listings, total inventory, pending sales and closed sales all into a single number to measure the relative "heat" of the market. Note that this index only looks at the real estate sales market. It does not factor in any other economic conditions such as wages, interest rates, rents, etc. Below is the latest data for the heat index of King County single-family homes and condos\u2026\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Heat-Index_King_2017-Q4.png\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/\",\"name\":\"Real Estate Heat Index off the charts in 2017 \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Heat-Index_King_2017-Q4.png\",\"datePublished\":\"2018-01-11T18:00:34+00:00\",\"dateModified\":\"2018-01-12T19:06:26+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/#primaryimage\",\"url\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Heat-Index_King_2017-Q4.png\",\"contentUrl\":\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Heat-Index_King_2017-Q4.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2018\/01\/11\/real-estate-heat-index-off-charts-2017\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Real Estate Heat Index off the charts in 2017\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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![\"King](\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2018\/01\/Heat-Index_King_2017-Q4.png\" "\\"King")
<\/a><\/p>\n