Here’s the latest update on months of supply, or “absorption rates” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Remember: Over 6 MOS is a buyer’s market, which gives buyers more negotiating power, but doesn’t mean homes…
Category: Statistics
Statistics, number-based analysis, etc.
Puget Sound Counties April NWMLS Update
Let’s check in on the NWMLS statistics from around the sound. I realized this month that if I’m going to include Skagit County in the Puget Sound wrapup, I should probably include Island County as well. So from now on we’re looking at seven Puget Sound counties. I’d change the name of the site to…
NWMLS Stats: Still Looking for the Bottom
It’s time for NWMLS statistics. April is now in the books, traditionally one of the strongest months for home sales. Here’s the NWMLS press release: Northwest MLS Brokers Report Highest Volume of Pending Sales in Eight Months. I guess “Lowest Volume of April Pending Sales in Nine (plus) Years” didn’t have the same ring. Better…
Buy Now, or Wait it Out?
Now that prices are undeniably dropping in Seattle, a common refrain from real estate salespeople is that “you can’t time the bottom,” or “you can’t predict the future,” implying that you should go ahead and just buy now, because we’re probably at or near the bottom already, and if you wait you’ll be sorry. This…
Case-Shiller Tiers: Three Tiers, One Decline
Here’s our monthly look at Seattle’s price tiers from Case-Shiller. Remember that Case-Shiller data is based on single-family homes only, no condos or townhomes, and that Case-Shiller’s definition of the “Seattle area” is King, Pierce, and Snohomish counties. For anyone wondering how the tiers are chosen, check out last month’s post. Now here come the…