August 2009 real estate data and trends, locally & nationally

EDMONDS, WA -- This week, new data came out reporting that home prices were up nationally, but down locally here in the greater Seattle region. That's not so much of a surprise since we know that the Puget Sound generally lags behind the nation as a whole. Rather, it's good news. Because we get to see the light at the end of the tunnel far sooner than those who were at the front of the line. So take heart, Puget Sounders! We have likely seen the worst of the economy and its effects on our work and personal lives.

Follow this link for more details on the national housing report.

The Case-Schiller home price index shows that home prices in August were down 14.7% from a year ago. My analysis of the Edmonds real estate market indicates that locally, we have seen that prices are down 9.3% for single family houses and down 11.1% for condos.

Check out my previous blogs to compare my own analysis of home pricing trends in Edmonds & Shoreline to that of the greater Seattle region or nationally.