Seattle Bubble

As of February, the monthly payment for the median-price single-family home sold in King County at current mortgage rates was $3,945. The good news: This is down from an eye-watering $4,758 in Oc...

https://seattlebubble.com/blog/2023/03/17/homebuyers-are-taking-on-monthly-payments-59-higher-than-at-the-2007-peak-of-the-previous-housing-bubble/

Let's check up on what's happening with the Seattle-area housing market in early 2023, shall we? The post Home prices are finally falling around Seattle—more than most places in the nation a...

https://seattlebubble.com/blog/2023/03/10/home-prices-are-finally-falling-around-seattle-more-than-most-places-in-the-nation/

After more than a decade of rates under 5%, we're finally going to see how a more "normal" mortgage rate will impact the housing market. The post Time for the housing market to detox from low m...

https://seattlebubble.com/blog/2022/09/29/time-for-the-housing-market-to-detox-from-low-mortgage-rates/

Since we've been gone for so long, I thought I'd start back up with somewhat of an overview post. Let's just take a look at what's going on in the Seattle-area (King County) housing market recent...

https://seattlebubble.com/blog/2022/03/11/so-what-the-heck-is-going-on-with-the-seattle-housing-market/

An editorial by Christopher Kirk in the Seattle Times yesterday was so stupid I had no choice but to finally come back here and respond. Here's the link: Statewide rezoning of single-family nei...

https://seattlebubble.com/blog/2022/02/11/eliminating-single-family-zoning-is-a-good-idea-and-christopher-kirks-seattle-times-editorial-is-a-steaming-pile-of-garbage/

Just a quick note to let you know that I'm working on cleaning house here… The post Cleaning House, Working on Updates appeared first on Seattle Bubble .

https://seattlebubble.com/blog/2021/08/27/cleaning-house-working-on-updates/

Let's take a look at our stats for the local regions outside of the King/Snohomish core. Here's your October update to our "Around the Sound" statistics for Pierce, Kitsap, Thurston, Island, Skag...

https://seattlebubble.com/blog/2020/11/09/around-the-sound-still-a-dismal-market-for-buyers-everywhere/

October market data from the NWMLS is available. Here's what happened last month in the Seattle-area housing market: Home prices and pending sales fell slightly, but closed sales rose to the high...

https://seattlebubble.com/blog/2020/11/05/nwmls-strongest-october-ever-for-closed-sales/

The "affordable" home price has shot up from $530,359 in November 2018 to an all-time high of $706,800 as of August. The current "affordable" home price in King County would have a monthly paymen...

https://seattlebubble.com/blog/2020/09/15/affordable-home-price-shot-up-33-in-less-than-two-years/

It's been quite a while since we've had a look at our affordability index charts for the counties around Puget Sound, so let's have a look at those charts… The post Plunging mortgage rates he...

https://seattlebubble.com/blog/2020/09/10/plunging-mortgage-rates-held-off-a-seattle-home-price-crash/

August market stats were published by the NWMLS on Friday before the holiday weekend. The King County median price of single-family homes rose over 10 percent year-over-year for the first time si...

https://seattlebubble.com/blog/2020/09/08/nwmls-pending-sales-hit-an-all-time-high-in-august/

As we're getting back into the swing of things, let's check out the housing stats for the recently-completed month of August… The post August stats preview: Plenty of demand, still so little ...

https://seattlebubble.com/blog/2020/09/01/august-stats-preview-plenty-of-demand-still-so-little-supply/

Let's check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller's "Seattle" data is based on single-family home repeat sales in King, Pierce, and S...

https://seattlebubble.com/blog/2020/08/28/case-shiller-tiers-low-tier-home-prices-are-soaring/

Let's catch up a bit on our Case-Shiller data. According to June data that was released this week, Seattle-area home prices were up 0.2 percent May to June and up 6.5 percent YOY… The post Ca...

https://seattlebubble.com/blog/2020/08/27/case-shiller-seattle-home-prices-up-6-5-from-2019-in-july/

Okay, let's get back to the data. It's about time. Okay, it's way past time. Anyway, whatever. Here's some data. Since it's been a while, let's start with a few high-level stats from around the P...

https://seattlebubble.com/blog/2020/08/24/the-pandemic-has-sparked-a-massive-sellers-market-and-big-price-spikes-around-seattle/

Hoping to come back to life soon… The post Seattle Bubble and The Tim are not dead, just in hibernation. appeared first on Seattle Bubble .

https://seattlebubble.com/blog/2020/03/12/in-hibernation/

The NWMLS published their August stats yesterday, so let's take a look at how the month shook out for the housing market. As we mentioned in yesterday's preview post, the biggest story is a sud...

https://seattlebubble.com/blog/2019/09/10/nwmls-new-listings-dry-up-as-home-prices-plateau/

NWMLS stats for August are due any day now, probably later today, but let's have a look at our "early" view on the August housing market stats for the Seattle area. The biggest news: Active lis...

https://seattlebubble.com/blog/2019/09/09/august-stats-preview-where-did-the-listings-go/

I promised an updated look at June data for the outlying counties, so let's have a look at that. Here's the latest update to our "Around the Sound" statistics for King, Snohomish, Pierce, Kitsap,...

https://seattlebubble.com/blog/2019/07/10/around-the-sound-king-county-alone-in-price-drops-and-big-inventory-gains/

The NWMLS just published their June stats, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year agai...

https://seattlebubble.com/blog/2019/07/08/nwmls-home-prices-and-sales-stagnated-in-june/

This is the last post in today's data catch-up marathon. I'll also update a few more of the spreadsheets for members, and if the NWMLS posts their June data today I'll try to get that up as well....

https://seattlebubble.com/blog/2019/07/08/stats-preview-sales-dipped-in-june-as-listings-increase-shrank-further/

As part of our data catch-up extravaganza, let's check in in on the latest data from the Consumer Confidence Index. The overall Consumer Confidence Index currently sits at 121.5, down 7.5 perce...

https://seattlebubble.com/blog/2019/07/08/consumer-confidence-has-been-stagnating-and-fell-in-june/

Let's check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller's "Seattle" data is based on single-family home repeat sales in King, Pierce, and S...

https://seattlebubble.com/blog/2019/07/08/case-shiller-tiers-high-tier-price-drops-accelerate/

Let's play a bit of catch-up today with some stats that I've allowed to fall behind. First up, the latest Case-Shiller data from a couple weeks ago. According to April data that was released late...

https://seattlebubble.com/blog/2019/07/08/case-shiller-seattle-area-home-prices-flat-in-april/

The NWMLS published their May stats today, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in M...

https://seattlebubble.com/blog/2019/06/06/nwmls-listings-up-sales-flat-prices-fall-in-may/

Remember, you can always get access to the Seattle Bubble spreadsheets by supporting my ongoing work as a member of Seattle Bubble. Hey look who it is. That Seattle Bubble guy. He’s not gone af...

https://seattlebubble.com/blog/2019/06/03/may-stats-preview-not-dead-yet-edition/

It's been a few months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how in...

https://seattlebubble.com/blog/2019/04/10/cheapest-parts-of-king-county-still-make-up-the-largest-share-of-sales-even-as-prices-there-grow-the-most/

It's been a few months since we had a look at the stats in the broader Puget Sound area, so let's update our charts through March. Here's the latest update to our "Around the Sound" statistics fo...

https://seattlebubble.com/blog/2019/04/08/around-the-sound-inventory-up-sales-down-across-the-board/

The NWMLS published their March stats today, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in...

https://seattlebubble.com/blog/2019/04/05/nwmls-prices-down-listings-way-up-sales-flat-from-a-year-ago/

Let's take a look at our early March housing stats. Overall the market is still moving in a direction favorable to buyers, but more slowly than it was late last year. By March of this year inve...

https://seattlebubble.com/blog/2019/04/03/march-stats-preview-inventory-still-up-big-but-gains-slow-even-as-home-sales-slip/

It's been a while since we posted our Case-Shiller charts and dashboards, so let's have a look at the latest data from the Case-Shiller Home Price Index. According to January data that was releas...

https://seattlebubble.com/blog/2019/03/27/case-shiller-seattle-home-price-gains-below-average-in-january/

Let's play some catchup and take a look at February market stats from the NWMLS. The King County median price of single-family homes was basically flat year-over-year in February, inventory was w...

https://seattlebubble.com/blog/2019/03/18/nwmls-home-prices-back-in-black-snow-storm-freezes-out-pending-sales/

January market stats were published by the NWMLS yesterday. The King County median price of single-family homes fell year-over-year for the first time since March of 2012. Inventory is way up fro...

https://seattlebubble.com/blog/2019/02/08/nwmls-home-prices-are-falling-and-inventory-is-soaring-but-pending-sales-are-bouncing-back/

Let's take a look at our early January housing stats. Better late than never, right? Overall the story is still improving for buyers. Inventory in January was comparable to April or May of last...

https://seattlebubble.com/blog/2019/02/07/january-stats-preview-inventory-starts-off-2019-with-a-three-month-head-start-over-2018/

December market stats have been published by the NWMLS this afternoon. Year-over-year home price gains dropped to their lowest level since March 2012 as inventory skyrocketed, despite the fewest ...

https://seattlebubble.com/blog/2019/01/07/nwmls-home-price-gains-vanish-as-sales-continue-to-slip/

Now that 2018 is completely over, let's take our first look at the December housing market stats for King and Snohomish counties. It's pretty much the same story we've seen the past few months,...

https://seattlebubble.com/blog/2019/01/04/december-stats-preview-highest-december-listings-since-2013/

November market stats were published by the NWMLS this morning. Home prices slipped to their lowest level since January, and inventory is declining seasonally but hit its highest November level s...

https://seattlebubble.com/blog/2018/12/06/nwmls-home-listing-inventory-skyrocketed-in-november-as-sales-and-prices-both-fell-further/

It's pretty much the same story as last month: Home sales volume was down considerably from a year ago and the number of homes on the market is up dramatically, nearly doubling from a year ago. F...

https://seattlebubble.com/blog/2018/12/05/november-stats-preview-double-the-inventory-double-the-fun/

Let's have a look at the latest data from the Case-Shiller Home Price Index. According to September data that was released today, Seattle-area home prices were: > DOWN 1.3 percent August t...

https://seattlebubble.com/blog/2018/11/27/case-shiller-seattle-is-1-for-month-over-month-price-declines/

October market stats were published by the NWMLS today. Home prices were basically flat from September, and inventory dropped a bit but was up dramatically from 2017. Sales continued to slip from...

https://seattlebubble.com/blog/2018/11/06/nwmls-inventory-up-big-from-2017-sales-slip/

I did some speculative analysis for Redfin on the impact that Amazon HQ2 will have on the Seattle real estate market: Amazon HQ2 Could Quickly Turn Seattle Into a Buyer’s Market For the arti...

https://seattlebubble.com/blog/2018/11/02/amazon-hq2-may-already-be-turning-seattle-into-a-buyers-market/

Home sales volume was down considerably from a year ago in both King and Snohomish County last month, dipping over 16 percent in both counties. Meanwhile, the number of homes on the market began ...

https://seattlebubble.com/blog/2018/11/01/october-stats-preview-inventory-nearly-doubles-from-2017/

If you aren't familiar with the Czech Sky, read this 2010 post . The Czech Sky is still found in many Seattle-area home listings today. Here are just a few… The post “Modern Seattle home ...

https://seattlebubble.com/blog/2018/10/31/modern-seattle-home-for-sale-with-photoshopped-czech-sky/

Let's have a look at the latest data from the Case-Shiller Home Price Index . According to July data that was released today, Seattle-area home prices were: > DOWN 1.6 percent July to Aug...

https://seattlebubble.com/blog/2018/10/30/case-shiller-seattle-home-prices-fell-more-than-anywhere-else-between-july-and-august/

Like the charts and data that I’m posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as ...

https://seattlebubble.com/blog/2018/10/10/real-estate-heat-index-plummets-in-2018-now-at-lowest-level-in-over-six-years/

With September's stats in hand, let's look at broader Puget Sound area. Here's the latest update to our "Around the Sound" statistics for King, Snohomish, Pierce, Kitsap, Thurston, Island, Skagit...

https://seattlebubble.com/blog/2018/10/08/around-the-sound-inventory-growth-sales-declines-spread-outside-of-king-county/

Between May and September this year, the median sale price of single-family homes in King County has fallen 8.0 percent. Most years home prices rise between May and September. The biggest decline...

https://seattlebubble.com/blog/2018/10/05/home-prices-fell-more-between-may-and-september-this-year-than-any-previous-year/

September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever a...

https://seattlebubble.com/blog/2018/10/04/nwmls-inventory-continues-to-climb-as-sales-slow/

Bloomberg interviewed Redfin CEO Glenn Kelman at the GeekWire Summit today. Glenn had some interesting comments… The post Redfin CEO Glenn Kelman: “We are probably past peak Seattle.” ap...

https://seattlebubble.com/blog/2018/10/03/redfin-ceo-glenn-kelman-we-are-probably-past-peak-seattle/

Home sales volume was at its lowest September level in six years for both King and Snohomish County last month, dipping over 22 percent from a year ago. As a result, the number of homes on the ma...

https://seattlebubble.com/blog/2018/10/01/september-stats-preview-sales-drop-over-25-percent-from-2017-as-listings-continue-to-pile-up/