local real estate news, statistics, and commentary without the sales spin.
Full disclosure: The Tim is employed by Redfin. Let’s take a brief follow-up look at new listings. When we checked in two weeks into the new year, new listings in the Seattle area were down 25% from 2012. The data from this post is largely pulled out of a larger-scale analysis I did at work…
Well, this is just depressing: After the first two full weeks of the year, new listings of single family homes in King County are down 25% from last year. This follows a 14% drop last year and an 18% drop the year before that. For buyers who were hoping that the new year would bring…
A reader emailed me to ask if I have “seen a bump in inventory” in the last few weeks. Unfortunately, I haven’t. Here’s a look at new listings by week since the beginning of the year, with last year plotted for comparison: The number of new listings each week did bump up a bit between…
Ordinarily, when the calendar flips over to a new year, it’s like somebody flipped a switch. The direction of on-market inventory literally does a 180 in a single day, from a constant decline through the last quarter to a steady increase leading into spring. This year… not so much: Last year was fairly bad (which…
Most years, when the calendar flips over to January, it’s like the “new inventory on” switch has been flipped. In 2009 and 2010, by the end of January there were 8-12% more listings on the market than there were at the beginning of the month. This year though, things seem to be shaping up differently:…