11Sep2008
Bellevue, Kirkland, Redmond, by the numbers.
Below are three dynamic graphs (automatically updated every week) comparing Bellevue, Redmond, and Kirkland real estate from a macro perspective. If you would like to see three alternative cities compared please email us at info@eastsidebubble.com
Below are three dynamic graphs (automatically updated every week) comparing Bellevue, Redmond, and Kirkland real estate from a macro perspective. If you would like to see three alternative cities compared please email us at info@eastsidebubble.com
Great info and a nice blog. I have a question about these graphs, however. Can you explain how to read the chart “Median Market Action Index”?
Scott,
Great question – I’m sure many people are wondering the same.
Eastside Bubble calculates the Market Action Index which measures available supply relative to the current level of demand. Index value above 30 indicates conditions favoring the seller.
The eastside market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 14. With several months of inventory available at the current sales rate, buyers should find ample choice.
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Hope that answers your questions. Thanks for visiting Eastside Bubble.
Jordan, Love the sight and the graphs. This graph represents to me the north Lake Washington commuter market, I would love to see an alternative view of the I-90 commuter markets. Bellevue, Issaquah, & Snoqualmie. Thanks so much!
Lauree,
As requested here is your comparative analysis of Bellevue, Issaquah, and Snoqualmie: http://eastsidebubble.com/2008/11/03/bellevue-issaquah-snoqualmie-real-estate-by-the-numbers/
Jordan –
Thanks so much for the info and the explaination of the ‘Median Market Action Index’ in your comments for Scott, I had the same Question.
Could you please send me some info and graphs on the Maple Valley Market?
Thanks again!
Chris George