{"id":11342,"date":"2010-06-16T08:56:26","date_gmt":"2010-06-16T15:56:26","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=11342"},"modified":"2010-07-12T20:05:31","modified_gmt":"2010-07-13T03:05:31","slug":"redfin-gets-into-the-monthly-data-game","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/06\/16\/redfin-gets-into-the-monthly-data-game\/","title":{"rendered":"Redfin Gets Into the Monthly Data Game"},"content":{"rendered":"<p>Local internet real estate technology powerhouse and discount brokerage <a href=\"http:\/\/www.redfin.com\/\" title=\"Redfin: Homes for Sale\">Redfin<\/a> has taken a page from the NWMLS playbook, torn it out, shredded it, burned it, flushed it down the toilet, and written a whole new book from scratch on the subject of monthly data releases.<\/p>\n<p><a href=\"http:\/\/blog.redfin.com\/seattle\/files\/2010\/06\/Redfin-Seattle-Real-Estate-Market-Report-May-2010.xls\" title=\"Redfin Market Report: May 2010\"><img decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/06\/Redfin-Spreadsheet-screenshot.png\" title=\"Redfin Market Report: May 2010\" alt=\"Redfin Market Report: May 2010\" style=\"float:right; border:1px solid #000000; margin: 0 0 0 10px;\" \/><\/a>In <a href=\"http:\/\/blog.redfin.com\/seattle\/2010\/06\/seattle_may_2010_market_reportprices_increase_but_demand_weakens_.html\" title=\"Seattle May 2010 Market Report: Prices Increase, But Demand Weakens\">their first data release for the Seattle area<\/a>, they dig into inventory, sales volume, and prices for King County and a number of specific cities.  While the blog post contains a good amount of info, <a href=\"http:\/\/blog.redfin.com\/seattle\/files\/2010\/06\/Redfin-Seattle-Real-Estate-Market-Report-May-2010.xls\" title=\"Redfin Market Report: May 2010\">the detailed spreadsheet<\/a> is where the real action is at.<\/p>\n<p>In the spreadsheet they break down inventory, listing prices, sales volume, and sold prices, including price per square foot.  The data is broken down by county (17 counties total), by city, <em>and<\/em> by neighborhood.  Sweet!<\/p>\n<p>Unfortunately, since they&#8217;re just getting started with this, there isn&#8217;t enough data available yet to generate any interesting charts, so instead here&#8217;s a quick comparison of May data from the NWMLS and comparable data from Redfin on King County SFH:<\/p>\n<style>.CNNTable {margin: 5px auto 15px;} .CNNTable td {padding: 0px 5px; text-align: center; font-size: .9em;} .CNNTable th {text-align:center;} .top_row {font-weight: bold;} .CNNTable img {border:0;margin:0;}<\/style>\n<table class=\"CNNTable\" border=\"1\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:275px;\">\n<tr class=\"top_row\">\n<th style=\"font-size: 105%; border-top: 0; border-left: 0;\">May 2010<\/th>\n<th>Redfin<\/th>\n<th>NWMLS<\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Active Listings<\/td>\n<td>10,234<\/td>\n<td>9,497<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Listings YOY<\/td>\n<td>-8.8%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Closed Sales<\/td>\n<td>1,690<\/td>\n<td>1,766<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Sales YOY<\/td>\n<td>+33.4%<\/td>\n<td>+34.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Median Price<\/td>\n<td>$384,500<\/td>\n<td>$379,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Price YOY<\/td>\n<td>+2.5%<\/td>\n<td>+1.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\">Med. $\/sqft<\/td>\n<td>$209<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/table>\n<p>I&#8217;ll definitely be keeping an eye on this new data from Redfin as it is released each month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Local internet real estate technology powerhouse and discount brokerage Redfin has taken a page from the NWMLS playbook, torn it out, shredded it, burned it, flushed it down the toilet, and written a whole new book from scratch on the subject of monthly data releases. In their first data release for the Seattle area, they&#8230;<\/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":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616,217],"tags":[679,82,200],"coauthors":[],"class_list":["post-11342","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","category-neighborhoods","tag-monthly-stats","tag-redfin","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redfin Gets Into the Monthly Data Game \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\/2010\/06\/16\/redfin-gets-into-the-monthly-data-game\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Redfin Gets Into the Monthly Data Game \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Local internet real estate technology powerhouse and discount brokerage Redfin has taken a page from the NWMLS playbook, torn it out, shredded it, burned it, flushed it down the toilet, and written a whole new book from scratch on the subject of monthly data releases. 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