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The New Normal: 25 Percent of Pending Sales Don’t Close

Posted on July 11, 2014July 11, 2014 by The Tim

Let’s take a look a the latest data on pending sales volume versus closed sales volume. For this series I roll the pending sales and closed sales data up by quarter, with pending sales offset by one month. In other words, the second quarter numbers below represent pending sales from March, April, and May and…

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Zillow’s “Coming Soon” Off to a Slow Start

Posted on July 9, 2014June 14, 2018 by The Tim

After seeing quite a bit of uproar in real estate industry circles about Zillow’s new “Coming Soon” feature (a.k.a. pocket listings for dummies) last month, I decided to see how popular actual usage of the feature was a few weeks after the big launch. After all, actions speak louder than words. Last week I spent…

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June Reporting Roundup: Affirmations Edition

Posted on July 7, 2014July 7, 2014 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: No Summer…

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Poll: When will inventory recover to pre-bubble levels?

Posted on July 6, 2014July 14, 2014 by The Tim

This poll was active 07.06.2014 through 07.12.2014

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NWMLS: Sales Inch Up, Prices Climb Again

Posted on July 4, 2014July 4, 2014 by The Tim

June market stats were published by the NWMLS yesterday. Here’s a snippet from their press release: No Summer Slowdown Expected – Brisk Activity Reported. Listing activity perked up during June, but strong job growth in the Seattle/King County region has brokers predicting brisk sales with competitive bidding throughout the summer. … “We are still suffering…

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