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More North King County Stats
There’s some griping around the web about my separating North King County from South King County. Sold YTD the median home price in North King County is $439,725 vs. $333,325 in South King County. Sold YTD the median price per square foot in North King County is $217 vs. $169 in South King County. I think a hundered grand... »
Sunday Night Stats – Volume UP YOY?
It’s been a very long time since we’ve seen anything but volume down. Often we look for the low end to move early in the year, as a sign that there will be some increased activity in the higher price tiers in the 2nd and 3rd quarters. Though I wouldn’t bet on that this... »
Sunday Night Stats – Prices Improving?
We all know that prices can’t go up in large leaps the same way that they can drop significantly in a short time. It takes a lot longer to go up than down, due to appraisal issues. It will take many weeks to build up enough data post Obama $8,000 Stimulus Credit to form any conclusions.... »
Sunday Night Stats – Housing Market is “Stimulated”
As you can see from the graphs below, there has been a 50% increase in the number of properties going pending in the last 7 days, compared to the week of 2/7 to 2/14 before the $8,000 “first time” homebuyer credit passed. 427 sales went pending in the first week in March. That’s a 50%... »
We’re at bottom…
The market is shifting. More on this when I do Sunday Night Stats, as I have a busy weekend. But I’m calling it…we’re at bottom. »
Sunday Night Stats
As of tonight, prices are showing at down 5% in January vs. the 4th quarter median price per square foot in the graph below. That would take prices back to the 2nd quarter of 2005 at $185 MPPSF (vs $195 4th quarter median). That would also be 20% under peak price of $230. ($230... »
4.5% Interest Rate’s Affect on Home Values
When interest rates are up, home values go down. When interest rates go down, home values go up. That’s a basic principle, but I do agree with those who expect this market to perform counterintuitively to stablize prices vs. causing them to go up. Basically that means they go up to where they are, counteracting the... »
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