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April: Inventory Up, Pending Sales Down

Posted on May 5, 2006 by The Tim

Breaking News: April NWMLS numbers released: King County Median home price surges to $419,500, Listings up 2%, Pending Sales down 12.5% from April ’05.

Get ready for the enthusiastic stories from all the usual suspects cheering on the huge price gains and proclaiming that the idea of a bubble in Seattle has been once and for all dispelled. I also predict that they will completely ignore the following fact:

April 2006 NWMLS
Click to enlarge.

(NWMLS, 05.05.2006)

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February Sees Continued Slowdown
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Inventory Up, Sales Down (Still)

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