Distressed Sales Finally Saw a Winter Spike in January

Posted on by The Tim

Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In January 2012 22.3% of the sale of single-family homes in King County were bank-owned. In January 2013 that number was just 9.3%. Although the number is much lower than it was a year ago,…

Reporting Roundup: Seller’s Market Edition

Posted on by The Tim

It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Brokers report…

NWMLS: Prices Dipped, Inventory Inched Up in January

Posted on by The Tim

December market stats were published by the NWMLS this morning. Here’s a snippet from their press release: Brokers report brisk sales, but rising frustration for home buyers. “I personally have never seen the ratio between active buyers and available inventory in Seattle’s close-in neighborhoods so out of balance,” remarked Mike Skahen, owner/designated broker at Lake…

January Stats Preview: Inventory Inching Up Edition

Posted on by The Tim

Now that we’ve got a full month of 2013 under our belt, let’s have a look at our stats preview. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see…