KingCoSFHClosed2016-07

NWMLS: Listings Inch Up, Sales Dip, Prices Slip

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. July market stats were published by the NWMLS yesterday. Here’s an excerpt from the NWMLS press release: Some Brokers See Early Signs of […]

KingCoSFHInventory2016-06

NWMLS: Listings Inching Up As Sales Flatten

June market stats were published by the NWMLS this morning. The NWMLS press release hasn’t been posted yet, so we’ll cover that tomorrow. On with the stats!

It’s still a bit early to say that we’re turning a corner, but while the overall level of inventory is still at all-time lows for this time of year, the rate of year-over-year change has been getting slightly better every month since December…

KingCoSFHPending2016-05

NWMLS: Strong Demand As Pending Sales Hit All-Time High

May market stats were published by the NWMLS yesterday.

Pending sales of single-family homes in King County hit an all-time high in May. This does not bode well for buyers hoping for any sort of relief from stiff competition and fast-rising prices. Inventory did increase month-over-month, but barely.

KingCoSupplyVsDemand2016-04

NWMLS: Home Prices Hit Another Record as Sales Slow

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. April market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press […]

KingCoSFHClosed2016-03

NWMLS: Some Small Signs of Market Softening in March

March market stats were published by the NWMLS yesterday…

…First the good news for buyers: Inventory saw a slight uptick in March, and the year-over-year drop shrunk significantly from -29 percent in February to -21 percent in March. Sales also appear to be slowing down slightly as both pending and closed sales are down around ten percent from a year ago.

Now the bad news: The median home price shot up to a new all-time high, and the year-over-year median price was up a record-breaking 21 percent.

KingCoSFHInventory2016-02

NWMLS: Prices Surging, Listing Shortage Drags On

February market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release.

Last month we saw a slight uptick in inventory, but this month the number of homes on the market fell back down a bit again, putting us at the lowest February inventory level on record. With just 2,101 new listings hitting the market last month, February 2016 also saw the fewest new listings on record for a February, just barely beating out the previous low set in 2014.

Basically, if you’re buying a home in the Seattle area right now, expect to have very little selection and lots of strong competition. Not a fun time to be a home buyer.

KingCoSFHClosed2016-01

NWMLS: Pending and Closed Home Sales Slow in January

Get access to the full spreadsheets used to make the charts in this and other posts, as well as a variety of additional insider benefits by becoming a member of Seattle Bubble. January market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press […]