How Deep is the Current Listings Drought?

How Deep is the Current Listings Drought?

I thought it would be interesting to take a deeper look at the depth of the current listings drought by comparing monthly new listings over the last few years to the same period during the previous bubble (before listings began to increase in 2007). Here’s a view of the number of new single-family homes that […]

The Longest Pending Sale

The Longest Pending Sale

Does anyone remember the 13,000-square-foot Tacoma mansion I mentioned a few times on these pages back in 2011? After a series of price drops from $8 million, to $7 million, to $6.4 million, and eventually $5.4 million over the course of nearly three years on the market, it finally went pending. In June. Of last […]

Inventory Growth Continues at a Snail’s Pace

Inventory Growth Continues at a Snail’s Pace

Let’s take a closer look at how listings fared in July of this year compared to years past. First up, here’s a look at how many new listings hit the market in July, comparing July 2014 to July in every year I’ve got data for. New listings maintained the “six-year high” level they set back […]

New Listings Hit a Six-Year High for Month of May

New Listings Hit a Six-Year High for Month of May

Let’s take a closer look at how listings fared in May of this year compared to years past. First up, here’s a look at how many new listings hit the market in May, comparing May 2014 to May in every year I’ve got data for. New listings hit a six-year high for the month of […]

Anemic Listing Growth in February

Anemic Listing Growth in February

Let’s take a closer look at how listings fared in February of this year compared to years past. Here’s a view of how inventory has grown so far this year: Compared to last December, the growth of on-market inventory is at its best point in three years. Unfortunately that isn’t saying much. The anemic 1.3 […]

Listings Growth Anemic in January

Listings Growth Anemic in January

Let’s take a closer look at how listings increased (or didn’t) in January. Here’s a view of how inventory has grown so far this year: After improving over the last few months, on-market inventory growth lost some traction in January, falling to the second-lowest level on record when compared to December. Next, here’s how many […]