Perhaps I’ve somehow overlooked the stories in the news outlets, but February’s numbers are available (pdf file), and from what I can tell, the slowdown in Seattle continues.
Combined home sales in King County dropped for the second straight month, and the fourth time in the last six months. Sitting at $344,950, the combined price is lower than it was in August. Year to year increase for homes and condos combined has dropped below 12% for the first time since April of last year, while homes alone were at 14.73%, comparable to levels last July. New listings were down 7%, total active listings were down just 2%, while pending sales were up 15%. Check out the pdf for the full numbers. There’s some interesting stuff in there. Betting is now open on how the local news outlets are going to spin this.
Here’s a few graphs I’ve been using to keep track of things. Notice the distinctive leveling off in both.
