Skip to content

Seattle Bubble

local real estate news, statistics, and commentary without the sales spin.

Menu
  • Home
  • About
  • Contact
  • Reference
  • Speaking
Menu

New Listings Return to Levels that Outpace Pending Sales

Posted on July 25, 2013July 25, 2013 by The Tim

Let’s take one more look at how listings are recovering over the last few months.

This first chart shows the difference between the number of new listings each month and the number of pending sales. Prior to late 2011 this number was almost always positive, except in December, when very few new listings hit the market. Beginning in October 2011 and continuing through March 2013, this measure turned negative. The inventory squeeze was on.

New Listings Less Pending Sales 2000-Present

Beginning in April, and continuing in May and June, this measure is back in the black.

Next, let’s take a look at the “stale listings” measure, which uses the total listings, new listings, and pending sales counts to estimate how many listings are “carried over” from one month to the next.

Stale Listings 2000-Present

Stale listings hit an all-time low in March at just 270 homes, but have recovered to 848 homes as of June. This is still well below the common pre-bubble levels between 2,500 and 5,000, but at least the direction has turned around after falling fairly consistently since mid-2010.

Share:

  • Twitter
  • LinkedIn
  • Facebook
  • Reddit
  • Pinterest
  • Email

Continue Reading

Next Post:
Inventory Growth in 2013 is the Strongest Since 2008
Previous Post:
New Listings Continued Slow Recovery in August

Tim’s Other Projects

Dispatches from the Multiverse

Tip Jar

Like what we're doing?

Drop us a tip!

Accounts

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2025 Seattle Bubble | Built using WordPress and Responsive Blogily theme by Superb
Menu
  • Home
  • About
  • Contact
  • Reference
  • Speaking