Archive of market update

Updated Renton Real Estate, Newcastle Real Estate & South Bellevue Real Estate Market Statistics (As of October 27th, 2008) Thumbnail

Updated Renton Real Estate, Newcastle Real Estate & South Bellevue Real Estate Market Statistics (As of October 27th, 2008)

These numbers are based on a three month historical analysis that compares this week with last week. MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90) Single Family

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West Bellevue (520) Home Stats – For Sale/Sold/Pending Thumbnail

West Bellevue (520) Home Stats – For Sale/Sold/Pending

These graphs will present no surprise for anyone following the Bellevue market. Nonetheless, it's helpful to quantify trends and present comparative analysis. The last three months show a particularly disconcerting trend of increase inventory and decrease in number sold.

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Next Housing Market to Crash? Seattle

What makes you think the Seattle housing market is going to crash? In Seattle, if you look at it right now, on a year-over-year basis, you will see that inventory levels [of unsold homes] are up between 45 and 50 percent. And then if you looked at prices—in the price report that just came out—it would say that prices are down in Seattle by 4 percent. This is exactly what we saw in the rest of the country six to nine months ago.

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Real Estate Market Update

While it is certainly true that our local market has slowed from it’s supersonic pace of a few years ago, it is still outperforming most other markets nationwide.

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