For those of you that are not Seattle Bubble forum readers (but should be), it is worth noting here that yesterday the total number of King County single-family homes on the market passed its previous (September 2002) high of 9,176, setting a new all-time record high.
According to Windermere property search, the MLS (as of this posting) has 9,240 houses on the market in King County, a number which has been climbing by about 250 listings per week. If that rate holds up, next month’s NWMLS report will show over 9,700 listings on the market as of the end of June. I expect there will be at least 9,400 listings.
In related news, OC Renter over at the Bubble Markets Inventory Tracking blog has posted a pair of interesting graphs comparing Seattle to our favorite sister city, San Diego. There’s an eerie similarity between the two…