Seattle Real Estate Market Overview

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Services for Real Estate Pros with Zillow

Yesterday, Dr Stan Humphries (Zillow's Chief Economist) gave a great speech to the Real Estate Roundtable of the Rainier Club in downtown Seattle. The topic was the Seattle real estate market. I've embedded the presentation here.

In terms of the outlook going forward, Stan is predicting a small additional decline (

As a reminder, here is a lot of Seattle real estate data.

Current Market Conditions in Seattle Real Estate
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Anonymous
Jillayne Schlicke

Hey Spencer thanks for posting this great slide deck. I will link to it during my Realtor classes. 

Jan 29, 2010 05:39 AM #1
Rainmaker
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Sam DeBord
SeattleHome.com -Coldwell Banker Danforth - Seattle, WA
Seattle Real Estate Broker

Great info, Spencer.  That's a lot of research that I would have had to pull from multiple sources.

The regional maps are fairly interesting, Seattle's core doesn't seem to be harmed too badly but Bellevue and North/South extremities have really taken a hit lately.

Rates of negative equity will continue to be the driving factor for poor market conditions, and I don't think that's weighted nearly enough.  Any of the cities with 40%+ homeowners under water are destined for years of more foreclosures and declining markets, even if they've flattened out for now.  Those markets under 20% have a real chance of recovery. 

It's all relative, of course.  The Good, the Bad, and the Ugly might just bet the OK, the Not-so-bad, and the Ugly.

Feb 01, 2010 02:25 PM #2
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Rainmaker
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Spencer Rascoff

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