{"id":9602,"date":"2010-02-10T06:00:45","date_gmt":"2010-02-10T14:00:45","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=9602"},"modified":"2010-02-09T13:40:23","modified_gmt":"2010-02-09T21:40:23","slug":"comparing-four-measures-of-seattle-home-prices","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2010\/02\/10\/comparing-four-measures-of-seattle-home-prices\/","title":{"rendered":"Comparing Four Measures of Seattle Home Prices"},"content":{"rendered":"<p>Since we frequently pull our home price data from a variety of sources, once in a while I like to bring them all together for a comparison.<\/p>\n<p>Here&#8217;s a look at the <a href=\"http:\/\/www.nwrealestate.com\/nwrpub\/common\/mktg.cfm\">NWMLS<\/a> King County SFH median, <a href=\"http:\/\/analytics.radarlogic.com\/radar-logic-home\/historical-data.aspx\">Radar Logic<\/a>&#8216;s price per square foot, the <a href=\"http:\/\/www.fhfa.gov\/Default.aspx?Page=14\">FHFA<\/a> purchase-only index, and <a href=\"http:\/\/www.homeprice.standardandpoors.com\/\">Case Shiller<\/a>&#8216;s home price index.  Each measure has been indexed to Q1 2000 = 100 for easier comparison:<\/p>\n<p style=\"width: 600px; margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/02\/4-Indices-2009-Q4.png\" title=\"Seattle-Area Home Prices: 4 Indices - Q1 2000 = 100\" rel=\"lightbox[9602]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/02\/4-Indices-2009-Q4-600x435.png\" style=\"border: 0;\" title=\"Seattle-Area Home Prices: 4 Indices - Q1 2000 = 100 - Click to enlarge\" alt=\"Seattle-Area Home Prices: 4 Indices - Q1 2000 = 100\" width=\"600\" height=\"435\"><\/a><\/p>\n<p>As of the latest data (Q4 2009 for all but the FHFA index), the four indices are off between -16.5% and -25.2% from their Q2 2007 peaks.  The price per square foot, FHFA, and Case-Shiller index all hit their lowest post-peak values in their latest data, while the raw median is up 4% from the Q1 2009 low.<\/p>\n<p>Here&#8217;s a look at the year-over-year change in the four indices over the same time period:<\/p>\n<p style=\"width: 600px; margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/02\/4-Indices-2009-Q4-YOY.png\" title=\"Seattle-Area Home Prices: 4 Indices - year-over-year change\" rel=\"lightbox[9602]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2010\/02\/4-Indices-2009-Q4-YOY-600x435.png\" style=\"border: 0;\" title=\"Seattle-Area Home Prices: 4 Indices - year-over-year change - Click to enlarge\" alt=\"Seattle-Area Home Prices: 4 Indices - year-over-year change\" width=\"600\" height=\"435\"><\/a><\/p>\n<p>I&#8217;m pretty sure that the recent divergence of the FHFA data from the other indices is due to the fact that it is based only on Fannie &#038; Freddie-insured mortgages, which excludes jumbo loans (a relatively large percentage of the Seattle market, at least until the bubble burst).<\/p>\n<p>Another fun dataset to play around with is <a href=\"http:\/\/www.zillow.com\/local-info\/WA-King-County-home-value\/r_207\/\" title=\"Zillow: King County Home Prices and Home Values\">Zillow&#8217;s &#8220;Local Info&#8221; pages<\/a>, which lets you break the data down by city and compare multiple cities on the same chart, plus you can view other interesting data, like the percentage of homes sold for a loss.<\/p>\n<div style=\"width: 450px; margin: 0 auto;\">\n<div style=\"margin:10px 0;padding:0 3px;overflow:hidden;background:#fff;border:1px solid #acf;width:440px\">\n<h6 style=\"margin:0;padding:5px 0 3px;font-size:13px;line-height:15px;text-align:center;color:#555; font-family:helvetica,arial,sans-serif\">Homes Sold For Loss<\/h6>\n<div id=\"zillow_metric_chart-207-injected\" class=\"injector\"><object id=\"zillow_metric_chart-207\" height=\"300\" name=\"zillow_metric_chart-207\" width=\"440\" align=\"middle\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\"><param value=\"http:\/\/www.zillow.com\/static\/swf\/charting\/FlashChart.swf\" name=\"movie\" \/><param name=\"quality\" value=\"high\" \/><param name=\"bgcolor\" value=\"#ffffff\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"allowScriptAccess\" value=\"sameDomain\" \/><param value=\"width=440&#038;height=300&#038;format=percent&#038;period=12&#038;epochs=949392000000%2C1265751132736&#038;fields=Date%2CValue%2CRegionId%2CRegion&#038;source=http%3A%2F%2Fwww.zillow.com%2Fajax%2Fgeo%2FGeoChartData.htm%3Fmt%3D4%26dt%3D2%26tp%3D6%26rt%3D6%26r%3D207\" name=\"flashvars\" \/><object height=\"300\" width=\"440\" align=\"middle\" data=\"http:\/\/www.zillow.com\/static\/swf\/charting\/FlashChart.swf\" type=\"application\/x-shockwave-flash\"><param name=\"quality\" value=\"high\" \/><param name=\"bgcolor\" value=\"#ffffff\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"allowScriptAccess\" value=\"sameDomain\" \/><param value=\"width=440&#038;height=300&#038;format=percent&#038;period=12&#038;epochs=949392000000%2C1265751132736&#038;fields=Date%2CValue%2CRegionId%2CRegion&#038;source=http%3A%2F%2Fwww.zillow.com%2Fajax%2Fgeo%2FGeoChartData.htm%3Fmt%3D4%26dt%3D2%26tp%3D6%26rt%3D6%26r%3D207\" name=\"flashvars\" \/><div class=\"noflash\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zillow.com\/static\/images\/txt_no_flash.gif\" width=\"440\" height=\"300\" alt=\"This content requires Flash\" \/><\/p>\n<p>You need the latest version of the Macromedia Flash Player.<br \/><a href=\"http:\/\/www.macromedia.com\/shockwave\/download\/download.cgi?P1_Prod_Version=ShockwaveFlash\" rel=\"nofollow\">Download the free Flash Player now!<\/a><\/p>\n<p><a href=\"http:\/\/www.macromedia.com\/shockwave\/download\/download.cgi?P1_Prod_Version=ShockwaveFlash\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"\/static\/images\/btn_macromedia.gif\" width=\"440\" height=\"300\" alt=\"Get Macromedia Flash Player\" \/><\/a><\/div><\/object><\/object><\/div>\n<div style=\"margin:0;padding:0 0 4px;text-align:center\"><a href=\"http:\/\/www.zillow.com\/local-info\/WA-King-County-home-value\/r_207\/#metric=mt%3D4%26dt%3D2%26tp%3D6%26rt%3D6%26r%3D207\" style=\"color:#36B;font-size:11px;line-height:13px;font-family:helvetica,arial,sans-serif;\">More King Home Values<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Since we frequently pull our home price data from a variety of sources, once in a while I like to bring them all together for a comparison. Here&#8217;s a look at the NWMLS King County SFH median, Radar Logic&#8216;s price per square foot, the FHFA purchase-only index, and Case Shiller&#8216;s home price index. Each measure&#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],"tags":[86,436,6,229,200,80],"coauthors":[],"class_list":["post-9602","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-case-shiller","tag-fhfa","tag-nwmls","tag-radar-logic","tag-statistics","tag-zillow"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comparing Four Measures of Seattle Home Prices \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\/02\/10\/comparing-four-measures-of-seattle-home-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Comparing Four Measures of Seattle Home Prices \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"Since we frequently pull our home price data from a variety of sources, once in a while I like to bring them all together for a comparison. 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