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Market Statistics for December 2006

Starting in 2007, I am going to try my best and provide market statistical data for viewers of this Blog. Some of the abbreviations and/or codes on the reports might need interpretation or clarification, and if so, please send me an email and I’ll be happy to clarify them for you.

Here is a chart that compares December 2006 sales with December 2005 (listed by neighborhoods). The key points on the chart are:

1. There were more homes for sale in December 2006 then in 2005 (increase in inventory).
2. The average home price increased from 2005 to 2006 (unless you’re Rip VanWinkle, this should come as no surprise to you).

Here is an interesting article from the Seattle P-I that also speaks to the housing slowdown in the Seattle area.

What are your thoughts about the current housing market?

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