Corporate Blog

October 27, 2009

Prices Increase Everywhere Except Seattle

The Case-Shiller numbers just came out for August, with sizable increases in California, DC, Chicago and Boston. The only market that was down was Seattle.

August 2009 Case Shiller Data, Seasonally Adjusted

We’ll send out a full report on market conditions later today.

Posted by Glenn Kelman on October 27, 2009 5:58 AM | del.icio.us | Digg

  • Lance Pitt
    The speculation in the market is that, situation has hit the bottom and the market will now begin to trend upwards again. The best Solution to gain from this crunch is, you should make an offer way below the current market value & you have to buy the property for much less than it is currently worth. Real estate investment should always be seen as a long term investment which will surely provide capital gains in terms of appreciation over a period of time. Here's one such tool which will help you to determine if a property is a good investment. It’s a smart real estate rating engine that provides a lot of information & insight for making a safe real estate investment and can help produce positive cash flow for you. Look into http://www.smartzip.com/info/s...
  • Jim
    I think the difference is whether we are looking at the raw or the seasonally-adjusted $. Seattle is slightly up in the raw, but down when adjusting for seasonality.
  • Jeff,

    I think what Glenn means is that *in the markets we at Redfin serve*, prices are up everywhere except Seattle; we tend to only follow market-specific news for the markets we know and work in.

    Now, it also looks like you also disagree about what the report says about prices in Seattle. I don't have the original report, though, so I don't know what happened there.

    Cheers,
    Sasha.
  • Guest
    Glenn,

    If I'm not mistaken in August, prices rose in 17 of 20 cities. Only Charlotte, Cleveland and Las Vegas recorded month-to-month declines.

    If I'm wrong I apologize, but that was my interpretation of the report.

    Thanks,

    Jeff
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