If you’ve been wondering what proportion of the Seattle area real estate market is made up of short sales and bank-owned properties, here’s a snapshot of active listings as of January 27, 2012 in King and Snohomish counties that shows the percentages of each category of home available for sale. In King County 33 percent… Continue Reading
Category Archives: Housing Market Updates
Seattle Area Real Estate Market Update – January 2012
The number of homes that went pending in the greater Seattle area in December 2011 rose more than 20 percent compared to December 2010, according to data recently published by the Northwest Multiple Listing Service (NWMLS). Closed sales rose by seven percent year-to-year in December, and the number of active listings was down 17.2 percent. … Continue Reading
Seattle Area Housing Market Heat Maps – December 2011
Most of the King and Snohomish county housing market was in “balanced” status in December 2011, according to multiple listing service data mapped out by Windermere Real Estate. You can see the balanced market areas marked in yellow, below. Balanced markets are defined as those with between 4 to 6 months of housing inventory based… Continue Reading
Seattle Housing Market Supply Heat Maps for October 2011
Here are some Seattle area heat maps released by Windermere based on NWMLS numbers. In the graph below yellow means a balanced market, green is a buyer’s market, and red is a seller’s market. Here’s what the Seattle area housing market supply looks like now compared to a year ago:
Eastside Real Estate Trends Graph through 3rd Quarter 2011
Wondering how the Seattle area real estate market is faring as we head into winter of 2011? Here are some housing activity graphs that give you a good idea of the trends in pending home sales and inventory. You can see that pending sales are up and inventory is dropping, especially compared to years past. … Continue Reading
Were the Zillow Zestimates We Looked at in May 2011 Accurate?
In May of this year I posted on here that I thought Zillow’s Home Value Index was misleading because it was based on Zestimates, which I believe are often significantly inaccurate. Here’s the basic idea (quoted from the May article): In order to get a picture of the current market, I looked at houses that went… Continue Reading
Seattle Area Real Estate Update and Heat Maps for August 2011
Seattle and Eastside housing stats for August 2011 were just released for the 21-county NWMLS area. Here are some highlights: Pending sales were up 26% overall compared to August 2010. Snohomish County pending sales were up more than 46%. The median closed sale price for the entire NWMLS area in August 2011 was $236,000, down… Continue Reading
Seattle and Eastside Real Estate Trends for July 2011
Here are Seattle and Eastside residential housing market charts showing real estate price and inventory trends from 2007 through July 2011. Seattle charts: Eastside charts: It looks like they mislabeled the months on the “Supply of Inventory” graph for the Eastside; I believe the year label is correct. *These charts were created by Windermere Real… Continue Reading
Seattle Area Real Estate Heat Maps for July 2011
King and Snohomish County real estate heat maps based on months of housing inventory available in July 2011 show that the region has shifted from a buyer’s market to a more balanced market. In the graph below yellow means balanced, green is a buyer’s market, and red is a seller’s market. The heat maps below… Continue Reading
Summer 2011 Housing Market Update – What’s Ahead?
Here’s my latest email newsletter from August 2011, with an update on the housing market and a look at some upcoming changes that could affect real estate. Just click on the graphic to go to the full version of the newsletter online, or you can also click here. (It’s not something that needs to be… Continue Reading
Seattle Housing Market Update for Summer 2011
Based on what I’ve been seeing and the ‘word on the street’ from other agents at my Windermere office meeting this morning, things are finally starting to slow down a bit, after a spring that was so busy we approached most potential purchases expecting to have to compete against other offers. The slowdown is not surprising from… Continue Reading