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Seattle Bubble Forum Archive • View topic - Are inventory numbers going thru the roof this month?

Are inventory numbers going thru the roof this month?

Anything and everything relating to Seattle-area real estate.

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Are inventory numbers going thru the roof this month?

Postby deejayoh » Fri May 18, 2007 10:21 am

Just for kicks, I checked inventory using Windermere.com today and compared to last month's MLS reports. I would think it is a comparable data set as Windermere is using the MLS as their source, but I am not 100% sure.

Image

If these numbers are right, We're heading for the cliff faster than I thought. Double digit inventory growth in 18 days - and that's on top of how many months straight of inventory gain?

Then there was article that pointed out that Seattle already had one of the biggest inventory % gains in the country.

Oh, and by the way - if I remember correctly, 10,900 listings is about a 1000 listings higher than any period Tim has in his spreadsheet - other than some really old data, which I suspect is not comparable.

Edit: I was right that the pre-2000 figures are not comparable -they're for King/Snoho/N Pierce counties. However, Tim shows only SFR - so 8,402 is the right comparison. This higher than all but 12 of the last 89 months, during which time average was ~6900

We don't seem to be having a spring "selling" season - we're having a spring "listing" season

But of course, someone will certainly point out that the median price is still going up. Which means - um, well - I am not sure. I can't buy or sell a "median" house. Median price is still going up in San Diego too. I wouldn't buy a house there with your money.

Comments?
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Postby uptown » Fri May 18, 2007 3:23 pm

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Postby mike2 » Fri May 18, 2007 3:41 pm

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Postby S-Crow » Fri May 18, 2007 3:43 pm

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Re: Are inventory numbers going thru the roof this month?

Postby CKT » Fri May 18, 2007 3:50 pm

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Postby geon » Fri May 18, 2007 8:33 pm

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Postby EastSider » Fri May 18, 2007 10:06 pm

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Postby Jay » Fri May 18, 2007 11:13 pm

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Postby sniglet » Sat May 19, 2007 12:37 pm

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Postby Lake Hills Renter » Sat May 19, 2007 2:02 pm

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Postby deejayoh » Sun May 20, 2007 5:06 pm

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Postby Lake Hills Renter » Sun May 20, 2007 6:18 pm

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bifurcation

Postby george » Mon May 21, 2007 5:58 am

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Postby deejayoh » Mon May 21, 2007 3:57 pm

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Postby EastSider » Mon May 21, 2007 6:34 pm

Wow, inventory up by 12% in the past 30 days.

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