Seattle Bubble

I mentioned this in the comments on a recent post, but I think it’s interesting enough to merit its own post. Since we regularly track pending sales as our measure of monthly sales volume in the monthly charts, I was curious to know whether the credit crunch has caused closed sales volume to diverge [...]

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Let’s check in on the NWMLS statistics from around the sound.
Here’s where the YOY stats stand for each of the six counties as of July 2008:
King - Price: -7.5% | Listings: +22.9% | Sales: -24.4% | MOS: 6.6
Snohomish - Price: -5.5% | Listings: +10.5% | Sales: -32.8% | MOS: 8.4
Pierce - Price: -10.0% | Listings: [...]

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Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Don’t forget you can view a map of these areas here.
Remember: Over 6 MOS is a [...]

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All right, after a bit of a technical glitch yesterday, things seem to be back to normal today, so it’s time for NWMLS July statistics.
Here’s the NWMLS press release: July’s Pending Home Sales Dip Slightly From June, Prices Edge Up.
Here is your summary along with the usual graphs and other updates.
Here’s your King County SFH [...]

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Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. I apologize for the tardiness, I was hoping to have the color-coded map ready by this [...]

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A reader suggested that a good way to visualize the current state of the local housing market would be to look at quarterly home sales. Here’s a chart of the total closed SFH sales in King County for every quarter we have data for from the NWMLS, back through 2000:

Click to enlarge
Note that the [...]

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