Windermere recently released an analysis of the extraordinary affordability created by the combination of today’s mortgage interest rates and home prices. Prices Down 13% to 24% In this analysis, they looked at more than 100 homes that sold in July 2010 – that also sold in sometime between 2006-2008 and compared the sales prices.  They [...]

The Seattle Times is reporting today on the latest edition of the Case Shiller home-price report which shows that Seattle area home prices are up 1.16% in May though still lower than the highs of 2007. Overall Seattle is middle of the pack for the 20 metro areas surveyed in the US whose composite index [...]

It’s time to look again at market inventory – the balance of properties on the market versus the number of properties selling. In June 2010 in King County there were: 14,275 Available Properties (Residential + Condos) 2,158 Sold Properties 1,950 Pending Properties 6.6 Months of Inventory Months of Inventory was up 10% from May 2010, [...]

The stats are in for June and it looks like median home values in King County are mixed depending on where you look… Residential Median home price in June for residential property (houses/townhouses) is up 1.05% over May to $384,000.  This is the peak value for 2010, and represents a gain of 5.21% since the [...]

A Zillow Zestimate may not be worth the bytes it’s transmitted with…

As we’re entering the holiday season, and a time of good cheer, lets look at three reasons to cheer for the Puget Sound real estate market. Sales Are Up! At the conclusion of October 2009, the market in King County was coming off one of the strongest rises in market activity in years. January 2009 [...]