local real estate news, statistics, and commentary without the sales spin.
Here’s a view on listings that we haven’t visited in a while. In this chart I use the NWMLS-published data on new listings, pending sales, and total inventory to visualize the inflow and outflow of single-family listings in King County. First up is a chart that goes back as far as NWMLS data is available:…
Full disclosure: The Tim is employed by Redfin. Let’s take a brief follow-up look at new listings. When we checked in two weeks into the new year, new listings in the Seattle area were down 25% from 2012. The data from this post is largely pulled out of a larger-scale analysis I did at work…
NOTE: If you are subscribed to Seattle Bubble’s RSS feed and are seeing these open threads in the feed, please switch to our official feed at http://feeds.feedburner.com/SeattleBubble Thanks! Here is your open thread for the mid-week on February 20th, 2013. You may post random links and off-topic discussions here. Also, if you have an idea…
Let’s have another look at our monthly sales histogram. After flattening out somewhat between November and December the sales distribution curve became much steeper in January as sales above $300,000 fell off dramatically. In December the mode (i.e. the bucket with the most sales) for non-distressed sales was at $350,000 to $400,000, but in January…
A friend of mine who lives in one of Seattle’s more popular neighborhoods (e.g. Ballard / Phinney Ridge / Green Lake / Ravenna) sent me this “cold call” letter that he received in the mail recently (I’ve removed personally identifying information): To Whom It May Concern: For Sale Sign? I am writing to inquire simply…