Wednesday, May 30, 2018

Seattle Housing Market Makes New All-Time High

(Click on the image to enlarge)
The Seattle housing market has routinely been making new highs, confirming it's on fire. The median has reached a whopping all-time high of $750K. Of course, the 2-month Moving Average trendline confirms that the two end data points (Jan-17 and Feb-18) are outliers; nonetheless, the growth has been stellar. 

The normalized trend (bottom chart) is more or less conforming, albeit with an extended sideways consolidation. The 2-month MA trendline validates the primary in that the two outer data points are truly outliers, thus negating any YoY (seasonally-adjusted) analysis. Again, the fact that the SPSF has skyrocketed at least $100 in a year is simply astounding.

Note: This analysis covers the City of Seattle, not the entire King County. 

- Sid Som, MBA, MIM
President, Homequant, Inc.
homequant@gmail.com


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