I was cleaning off my desk and I found a full color flier filled with exclamation points!!! It advertises a house down the street (pictured). I picked it up a few weeks ago while out on a walk with my wife and my dog. The house is around 2,300 square feet and sits on over […]
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 […]
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 […]
I heard an ad for a mortgage company on the radio this morning that had the following line: We can approve you from your car (i.e. – over the phone). Getting a home loan should be as easy as ordering pizza. It’s because of companies with that kind of philosophy that we’ve gotten into this […]
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 […]
Way back in early September I made a post with the details of two properties in my neighborhood that had recently been put on the market. The house in question has still not sold, and has now been languishing on the market for over 10 weeks. The price has been dropped from $350,000 to $319,950 […]
I don’t know if actual inventory is going up in the greater Seattle area, but I do know that I have noticed more “for sale” signs cropping up in my neighborhood lately. Just for kicks, I decided to take two of the recent listings and keep an eye on them. For variety, I have selected […]