Are inventory numbers going thru the roof this month?
Posted: Fri May 18, 2007 10:21 amJust 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.
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?
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?