Fifty-six percent of Washington real estate professionals expect home prices to drop in the next six months

Last month, HomeGain, one of the first companies to provide free instant home valuations online, released the second quarter results of our nationwide home values survey of over 750 HomeGain current and former members and 2,600 home owners. The HomeGain survey asked their opinions on home prices and what they thought of President Obama’s performance. On this blog we published the 2nd quarter 2011 national results as well as the complete 2nd quarter 2011 regional results, including commentary from real estate agents and brokers and homeowners.

Earlier this month we released the California 2nd quarter 2011 home values survey data and the Florida 2nd quarter 2011 home values survey data, the 2nd quarter 2011 Texas home prices survey data, the 2nd quarter 2011 New York home prices survey data, the 2nd quarter 2011 New Jersey home values survey data, the Illinois 2nd quarter 2011 home values survey data, the North Carolina 2nd quarter 2011 home values survey data, the Massachusetts 2nd quarter 2011 home values survey data, the Georgia 2nd quarter 2011 home values survey data, and the Pennsylvania 2nd quarter 2011 home values survey data. We will be releasing the Arizona, Colorado, Nevada and Virginia survey data soon.

Today we are releasing the Washington home prices survey data.

Set forth below is the second quarter 2011 real estate professional and homeowner Washington home prices survey data along with the second quarter 2010 real estate professional survey data along with the first quarter 2011 national home prices survey data. Click on each question to see complete results:

1. Have home prices increased, decreased or stayed the same in the last year?
2. On average, what do homeowners believe that their home is worth?
3. How do buyers feel that homes for sale are priced?
4. What is the average difference in price between what sellers believe their home to be worth and the amount at which the home gets listed?
5. What is the average difference in price between what a home is listed at and what a home sells for?
6. In the next six months, will the values of homes in your market increase, decrease or stay the same?
7. What percentage of homes for sale are foreclosures in your area?
8. What is the average home price in your area?
9. What percentage of your clients are first-time buyers?
10. How do you think Barack Obama is performing in his role as President?

Question 1:

Question 2. On average, what do your homeowner clients believe that their home is worth?

Question 3. How do your home buyer clients feel that homes for sale are priced?

Question 4. What is the average difference in price between what sellers believe their home to be worth and the amount at which you eventually list the house?

Question 5. What is the average difference in price between what the home is listed at and what the home sells for?

Question 6:

Question 7. What percent of homes in your area are foreclosures?

Question 8. What is the average home price in your area?

Question 9:

Question 10: