nwmls — The Essentials

Contrary to Headlines, Data Show Seattle Home Prices Are Not Lower, Just Slower Growing

In the wake of the latest S&P Case-Shiller Home Price Index, which reflects sales data from September 2018, Seattle Times and other local media outlets proclaimed that residential home prices in the Seattle Metropolitan Area are rapidly declining. We elect, however, to keep an eye on the trendlines rather than the headlines, and are delving deeply into how the Index is computed and comparing its results with data obtained from the Northwest Multiple Listing Service (NWMLS).

Market Report, Real EstateMary NorrisDecember 4, 2018Dean Jones, Las Vegas, Los Angeles, Market Trends, nwmls, RealogicsSIR, S&P Case Shiller Home Price Index, San Francisco, Seattle, Seattle Times

Housing Inventory in King County

Within the past few years, the inventory of housing for sale in western Washington has done a 180, returning to degrees of shortage not seen since the year 2005. The low housing inventory is most visible in the Greater Seattle area of King, Pierce, and Snohomish counties. Since January 2015, this region of central Puget Sound has remained a seller’s market. Housing inventories remained below four months for nearly the entire year.

Market ReportMary NorrisApril 3, 2018Amazon, home, house, housing inventory, housing market, King County, nwmls, pierce county, Puget Sound, Real Estate, Seattle, sellers market, Washington

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