Let’s take a look at 2008’s fourth quarter closed sales volume for King County: That’s a drop of 31% from 2007, and also 31% from the previous quarter. The “usual” drop from Q3 to Q4 is 10-20%. At this point, I really don’t think sales have much further to drop. They’re practically as low as…
Tag: inventory
New Improved Sidebar Inventory Tracker Courtesy Estately.com
I’m happy to announce that Seattle Bubble now sports a new and improved sidebar inventory tracker, thanks to Galen Ward of Estately.com. A few months ago our most reliable source for the hourly inventory tracker went offline, leaving us with two far less dependable sources for the inventory data. Since then the sidebar inventory tracker…
Delistings Stabilized in November
Here’s the breakdown of homes on the market and homes that went off the market last month in King County (SFH only). While the number of delistings had been dramatically increasing year-over-year earlier since June last year—even reaching 200% YOY in April—the rapid growth seems to have leveled off, with November’s 1,758 delistings nearly matching…
Puget Sound Counties November Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of November 2008: (Note: The “Sales” data below represents pending sales, not closed sales.) King – Price: -9.2% | Listings: +2.2% | Sales: -21.2% | MOS: 8.7 Snohomish – Price: -11.1%…
Another Angle on Recent Sales and Listings
While we wait for November sales statistics from the NWMLS, let’s take a look at a couple more charts of sales from the last few months to round out the big picture of what’s going on with local home sales. First up, here’s a look at the total closed sales by quarter, for every quarter…