Post-Recession Market Trends

Posted: May 3rd, 2012 by Brad

After several years of Great Recession uncertainty, it’s becoming more apparent confidence, which fuels the market, is on the rebound. To understand what this may mean for our housing market, let’s look at historic trends. After all, the best predictor of future behavior is past behavior.

Recession 1981 – 1982 (1 year 4 months)
Recovery 1986 – 1989 Puget Sound home values nearly doubled

Recession 1990 – 1991 (8 months)
Recovery 1992 – 1999 King County’s median home price rose from $213,832 to $296,455

Recession 2001 (8 months)
Recovery 2002 – 2006 King County’s median home price increased to $453,062

Recession 2007 – 2009 (1 year 6 months)
Recovery (to be determined)

One of the more notable trends was from 1997 to 2007 where our local market experienced overall appreciation of 93 percent in 10 years.  The Seattle Times reported King County’s median home price to be $315,000 earlier this year.

Below is a graphic reflecting King County home prices from 1947 to 2007:

Facts and statistics for this report were also gathered from Wikipedia and Seattle Bubble.

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