(Absolute) Inventory vs. Pending Sales

Here’s another question from a reader regarding inventory: I have a question about the “houses on the market” stat that you called the press to task on for not reporting. Is it an absolute measure or a relative measure? Because certainly hundreds of new houses came on the market last year- definitely enough such that […]

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April: Inventory Up, Pending Sales Down

Breaking News: April NWMLS numbers released: King County Median home price surges to $419,500, Listings up 2%, Pending Sales down 12.5% from April ’05. Get ready for the enthusiastic stories from all the usual suspects cheering on the huge price gains and proclaiming that the idea of a bubble in Seattle has been once and […]

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February Sees Continued Slowdown

Perhaps I’ve somehow overlooked the stories in the news outlets, but February’s numbers are available (pdf file), and from what I can tell, the slowdown in Seattle continues. Combined home sales in King County dropped for the second straight month, and the fourth time in the last six months. Sitting at $344,950, the combined price […]