Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

6 responses to “October Stats Preview: Inventory Up Year-Over-Year Edition”

  1. Matthew

    And so it begins………

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  2. Erik

    RE: Matthew @ 1
    More specific please. What is beginning? Recovery?

    This data points to a healthy real estate market. In July you warned me that if I didn’ t sell soon, i’d regret it since the “top’s in.”

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  3. softwarengineer

    I Imagine Some of the Underwater Home Owners in Seattle

    Woke up and smelled the coffee, started living below their ultimate means and have some cash in the bank now too. Now they can sell their home without a credit rating destroying short sell.

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  4. mike

    RE: softwarengineer @ 3 – A number of neighborhoods are now selling at prices near or above the market peak. This change alone significantly reduced the number of underwater homeowners. I’m seeing cases where even people that bought in May-August 2007 are selling for a few % above what they paid back then. Add 6-10% of principal they’ve paid down on an amortizing loan in the last 6 years. Even if they bought with 0-down these owners can sell free and clear.

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  5. whatsmyname

    RE: Matthew @ 1 – I see what you mean. Even though MTM and YTY warranty deeds were up, inventory didn’t decrease by as much as last year, causing inventory to “grow” to 4,595. By YE it will likely further grow to under 4,000. Then you’ll be in the catbird seat?

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  6. ron

    RE: softwarengineer @ 3 – why do you always make the first sentence of your post a title of sorts. It makes no sense. It adds nothing. It detracts from credibility. Why god why.

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