Recall the price-guessing contest posted to these pages on July 24th: Guess the Price Round 4: Time for a Rerun Today’s “Guess the Price” guest star is likely to be familiar to many of you… because it was the star of our very first Guess the Price contest just a year and a half ago….
Listings Keep Shrinking; Very Few Homes Delisted in 2012
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:…
Distressed Inventory Shortage to Blame for Listings Drought
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…
Expensive Home Sales Dropped Off Dramatically in January
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…
Seattle Buyer Attempts Cold Call Letter to Find a House
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…