What statistical data points to a slowdown?

EastSider

For the past couple days, I have been trying to objectively analyze if/whether the local market is headed for a slowdown. Unforunately, all the current multiple-offer sales on the eastside indicates that the market is still strong.

The reasons that I hear that the local market is headed for a slowdown are some of the following....
- Prices have increased quite a bit over the past 5+ years (in some cases, they have doubled)
- Rest of the country is seeing a slowdown, so Seattle area must be next

Both these points don't statistically/objectively point to a slowdown here. Can anyone point to data that paints an holistic/objective picture as to why we might be seeing a slowdown anytime soon?

EastSider

Also, most analysis compare the current data with that of the last year -- I don't think that this would give a complete picture of the trend.

Alan

I do not see current evidence of pricing dropping. I also do not understand how income levels in the area can support these prices. Loose lending provides one explaination, but there may be others that I do not see.

Eagle Man

It looks from the charts that inventory is close to all time lows for the eastside. Supply and demand theories would me make think prices will continue to rise. They've been asking the same affordability question in the SF Bay area for years, yet their prices are way ahead of ours. I think you as a great question, Eastside.