Last week, HomeGain released the national and regional results of a survey of more than 1,150 current and former HomeGain members. The survey asked their opinions on home prices and what they thought of President Obama’s performance as President. On the HomeGain real estate blog we published the national and regional 2nd Qtr results.
Earlier this week we published the results of the California home prices, Texas home prices, Florida home prices, New York home prices, New Jersey home prices, Illinois home prices, Georgia home prices, Arizona home prices, North Carolina home prices and Virginia home prices surveys.
Today we are releasing the Washington home prices survey data.
Washington homeowners, like many homeowners across the nation have slashed their valuation expections. In the first quarter Washington home values survey 52% of home owners believed that their homes should be priced 10-20% higher than their Realtors’ recommended listing price vs. 43% who so believed in the current survey. (See question 2)
As Washington home owners are tempering their home valuation expectations, 50% of Washington home buyers now believe that homes are over priced by 10-20% vs 29% of Washington home buyers who so believed three months ago. (See question 3)
Sixty-seven percent of Washington Realtors predict stabilizing home prices in the next six months vs. 52% of Washington Realtors who predicted price decreases three months ago. Just 17% of Washington Realtors in the current home values survey think that Washington home prices will decrease in the coming six months. (See question 6)
Sixty-six percent of Washington Realtors approve of Obama’s performance as President vs. 57% of Realtors nationwide.
Set forth below is the Washington home prices survey results with the national data in parenthesis:
Q2WA/Q1WA (Q2NAT/Q1NAT)
Decreased: 76%/100% (84%/90%)
Increased: 6%/0% (3%/2%)
Stay the same: 18%/0% (12%/8%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
10-20% higher: 43%/52% (35%/45%)
10-20% less: 7%/14% (8%/10%)
1-9% higher: 20%/* (24%/*)
1-9% less: 3%/* (9%/*)
21-30% higher: 7%/5% (8%/14%)
21-30% less: 3%/* (3%/*)
At listing price you recommend: 10%/14% (10%/14%)
More than 30% higher: 7%/0% (2%/4%)
More than 30% less: 0%/* (2%/1%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
Fairly priced: 23%/19% (19%/18%)
Overpriced by 10-20%: 50%/29% (30%/32%)
Overpriced by 21%+: 3%/0% (4%/10%)
Overpriced by less than 10%: 17%/29% (29%/21%)
Underpriced by 10-20%: 2%/14% (8%/14%)
Underpriced by 21-30%: 0%/0% (1%/2%)
Underpriced by 31%+: 0%/0% (1%/2%)
Underpriced by less than 10%: 0%/10% (5%/5%)
Q2WA (Q2NAT)
Greater than 11-20%: 13% (7%)
Greater than 21%: 3% (3%)
Greater than 5-10%: 13% (10%)
Less than 11-20%: 43% (23%)
Less than 21-30%: 3% (5%)
Less than 5-10%: 17% (43%)
Little or no difference in price: 7% (8%)
Q2WA (Q2NAT)
Greater than 11-20%: 10% (4%)
Greater than 21%: 0% (2%)
Greater than 5-10%: 7% (5%)
Less than 11-20%: 30% (27%)
Less than 21-30%: 0% (4%)
Less than 5-10%: 50% (53%)
Little or no difference in price: 3% (5%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
Decrease: 17%/52% (29%/53%)
Increase: 17%/0% (22%/11%)
Stay the same: 67%/48% (49%/36%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
Less than 10%: 47%/43% (26%/37%)
10%-20%: 40%/38% (15%/26%)
21%-30%: 3%/19% (12%/16%)
31%-50%: 3%/0% (7%/15%)
51%-75%: 0%/0% (3%/5%)
75%: 7%/0% (3%/2%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
$151K-$300K: 57%/52% (56%/59%)
$301K-$500K: 23%/43% (20%/21%)
$501K-$800K: 3%/0% (5%/6%)
$801K+: 7%/5% (3%/2%)
Less than $150K: 13%/0% (16%/11%)
Q2WA/Q1WA (Q2NAT/Q1NAT)
Decreased home prices: 7%/14% (8%/13%)
Increased home prices: 3%/0% (3%/4%)
No impact: 53%/24% (55%/45%)
Stabilized home prices: 37%/62% (34%/38%)
Q2WA (Q2NAT)
Somewhat approve – 33% (31%)
Somewhat disapprove – 10% (19%)
Strongly approve – 33% (26%)
Strongly disapprove – 33% (24%)
* Data not available
See National and Regional Survey Results
Try HomeGain’s Instant Home Prices Tool
View Washington homes for sale
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Join the Seattle real estate discussion on HomeGain nation
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