local real estate news, statistics, and commentary without the sales spin.
Although total active inventory is still near record lows, here’s some good news: inventory growth so far in 2013 is the best we’ve seen since 2008: As of the end of June there were 42.72% more listings on the market than there were at the beginning of the year. That just barely edges out the…
It’s been a while since I posted an update of my charts based on the stats from Redfin’s King County region page, so let’s take a look at those. First up the median list and sale prices per square foot. Note that the list price below includes all homes on the market, whether or not…
Here’s a view on listings that we haven’t visited in a while. In this chart I use the NWMLS-published data on new listings, pending sales, and total inventory to visualize the inflow and outflow of single-family listings in King County. First up is a chart that goes back as far as NWMLS data is available:…
A friend of mine who lives in one of Seattle’s more popular neighborhoods (e.g. Ballard / Phinney Ridge / Green Lake / Ravenna) sent me this “cold call” letter that he received in the mail recently (I’ve removed personally identifying information): To Whom It May Concern: For Sale Sign? I am writing to inquire simply…
I keep a pretty close eye on the weekly real estate stats on Redfin’s King County region page, and I noticed something last week that seems to be worth mentioning: It’s only a few weeks’ worth of data, but it would appear that prices have turned the corner and are about to begin their annual…