NWMLS: Closed Sales Inch Higher but Remain Far Below Pendings

Let’s take a look at July market statistics from the NWMLS. The NWMLS press release has not been posted yet, but should be available here later today. Here’s your King County SFH summary, with helpful arrows to show whether the year-over-year direction of each indicator is positive or negative news for buyers and sellers: July […]

June Seasonally-Adjusted Active Supply by Neighborhood

Let’s check in (somewhat late) on our now-regular monthly neighborhood update to Seasonally-Adjusted Active Supply (SAAS). For an explanation of what seasonally-adjusted active supply is, please refer to this post. Also, you may view a map of the areas discussed in this post. Yet again, the sweet interactive data visualizations in today’s post come to […]

NWMLS: Sales Edge Above ’08, Median Up 5% MOM, Down 12% YOY

Let’s take a look at June market statistics from the NWMLS. Here’s the NWMLS press release: “Aware and prepared buyers” help boost Western Washington home sales during June Here’s your King County SFH summary, with helpful arrows to show whether the direction of each indicator is positive or negative news for buyers and sellers: June […]

May Seasonally-Adjusted Active Supply by Neighborhood

Due to the definition change by the NWMLS in both the numerator and the denominator in the “months of supply” calculations, I am changing the regular monthly neighborhood update to Seasonally-Adjusted Active Supply (SAAS). For an explanation of what seasonally-adjusted active supply is, please refer to this post. Also, you may view a map of […]

NWMLS: Closed Sales Picking Up Steam, Still Below 2008

Let’s take a look at May market statistics from the NWMLS. I’ll update this post with a link to their press release when they post it. [Update] Here it is: Inventory shrinking, sales rising, prices stabilizing in some Northwest MLS areas Here’s your King County SFH summary, with helpful arrows to show whether the direction […]

NWMLS: Huge Gap Opening Between Pending and Closed Sales

It’s time for April market statistics from the NWMLS. Here’s the NWMLS press release: Pending sales in Western Washington rise with improved affordability, buyer incentives Northwest Multiple Listing Service members reported pending sales for April surged 11.4 percent compared to twelve months ago – and rose 21.3 percent from March. Brokers reported 6,918 pending sales […]

Seasonally Adjusted Active Supply: A New Measure of Market Virility

With the increasing disparity between pending and closed sales, using “Months of Supply” as it is traditionally calculated to provide a measure of market “strength” is becoming more and more misleading. In order to address this issue, I have devised a new measure of market vitality: Seasonally Adjusted Active Supply (SAAS). To determine the SAAS, […]