I’ve pointed out for years that geographic shifts can and do affect the median price, so it was nice to see none other than Lennox Scott (CEO of John L. Scott) joining the chorus in a recent Seattle Time’s piece. Lennox Scott, CEO of John L. Scott Real Estate, said the lower price in July…
Tag: NWMLS
July Reporting Roundup: Slowdown / No Slowdown Edition
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). I waited an extra day because there were only four articles out there about…
NWMLS: Closed Sales May Show First Signs of Cooling
July market stats were published by the NWMLS today. Before we get into our monthly stats, here’s a quick look at their press release. Pent up demand boosting Western Washington home sales and prices Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory….
Despite Red-Hot Housing Market, One in Five Pending Sales Still Fail to Close
With another quarter fully in the books, 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 Mix Shifted Into Expensive Eastside Homes in June
With the big increase in the county-wide median price between May and June, let’s take an updated look at how King County’s sales are shifting between the different regions around the county. This data is interesting to keep tabs on since geographic shifts can and do affect the median price. In order to explore this…