local real estate news, statistics, and commentary without the sales spin.
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 fourth quarter numbers below represent pending sales from September, October, and November and…
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 third quarter numbers below represent pending sales from June, July, and August and…
It’s been quite a while since we last had a look at the percentage of pending sales that turn into closed sales, so let’s refresh that chart and take a look a the latest data. This particular series is fairly noisy when you look at it with monthly granularity, so for this post I’ve rolled…
Full disclosure: The Tim is employed by Redfin. I noticed something a little fishy in last month’s sales numbers from the NWMLS. See if you can spot it in the closed sales chart: Notice how the number of closed sales ticked up between October and November this year, when every other year there was a…
There was a national story that circulated late last month that caught my interest, claiming that “Exceptionally large numbers of signed real estate contracts fell apart last month.” Here’s a brief excerpt: Economic uncertainty leads to canceled home contracts Are homebuyers walking away in droves from the contracts they’ve signed? Or are they essentially fouling…