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Seattle Bubble Forum Archive • View topic - Inventory up another 2% this week, asking price drops

Inventory up another 2% this week, asking price drops

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Inventory up another 2% this week, asking price drops

Postby deejayoh » Tue May 01, 2007 1:31 pm

I don't put a lot of stock in median asking price (either median OR asking) but it is interesting that its down this week.

Even more interesting, inventory for King/Pierce/Snoho county is up another 2.1% this week (versus last week)

I am sure others will point out that we are not at "historical highs" for inventory but the trend is getting pretty pronounced. We are at a high for the cycle and still growing at an annualized rate of 294% (1.021^52)

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Postby EastSider » Tue May 01, 2007 2:53 pm

Almost a 3% increase in inventory, within just a week; a 12% increase with the past 30 days -- this summer is going to be very interesting :-)

(BTW, I think that it's a little more than a 2.1% increase since last week. Last week the inventory was at 44.x%)
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Postby deejayoh » Tue May 01, 2007 3:04 pm

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