Time for another installment of “quick look,” a series of posts in which I present a fresh set of charts for some recent data with minimal commentary.
Today’s theme is King County SFH May stats in bar charts compared to each May since 2000.
Note that the definition of “Active Listings” was revised in July 2008 to exclude certain listings.
Here’s a little added context for that last one:
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There Is Hope For Real Estate Price Increases
But the giant minions of “ghost unemployed” [not counted or not ever counted] just scared it away, screaming in horror.
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Thanks Tim, good stuff. I’m wondering why new listing have been so sluggish? Limited mobility caused by too many underwater homeowners, perhaps, and not a ton of actual REO activity? I wonder how this trend compares to other Metros…
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Nobody wants to call a bottom here? Sales are up, supply is down, prices have to start inching their way back up- isn’t that the way it works? If you listen to Pfft you have to believe the general economy is slowly and sustainably picking up. This has to be as good as it’s going to get. The trick is to jump in before the masses figure it out if you want to catch as much of the inevitable run-up as possible.
Let’s hear some stories of bidding wars in Bellevue, multiple offers in Magnolia, rising prices in Renton! Time to get this party started! Who wants to get rich in real estate? Any others out there thinking of picking up their license to earn a little easy side money?
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By Flotown @ 2:
Why list a property when there are no buyers? The only new listings are by people who must sell. People who would simply like to sell are waiting for a better market. They could be waiting for a long time.
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