[diplocorp]

It would be interesting to compare the Seattle and Boston prices to see if this is the case.

[matheweis]

Seattle has had a nearly identical slowdown, so perhaps not entirely due to California emigration... although the water is muddy - reportedly people are exiting Seattle for greener pastures as well.

[devmunchies]

I have a theory that a major portion of the population in Seattle is always churning. Lots of people moving in and out (Like a college town). But if they can’t get people to keep moving in, you end up getting huge deflation.

The weather is a shock to lots of people.

I just sold my house in Seattle and will be leaving next month.