September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012…
Tag: NWMLS
Expensive parts of King County are seeing bigger dips in sales and prices
It’s been six months since we took a look at the in-county breakdown data from the NWMLS to see how the sales mix shifted around the county. I like to keep an eye on this not only to see how individual neighborhoods are doing but also to see how the sales mix shift affects the overall county-wide median price.
…
The number of sales in all three tiers has been decreasing month-over-month for the past two months. Month-over-month sales were down five percent in the low tier, down ten percent in the middle tier, and down eight percent in the high tier…
New listing absorption softens more as pending sales slip
I’ve got a few charts to update you with, but let’s start with a few charts that sum up the state of King County single-family listings, inventory, and pending sales.
After five or six years of the same story month after month—fewer listings, more sales, soaring prices—the market has definitely turned in 2018. Pending sales are now on the decline and inventory is rising rapidly. Let’s see what this looks like in charts…
NWMLS: Prices retreat slightly as inventory continues to climb
July market stats were published by the NWMLS yesterday. The biggest news is still the climb in inventory, which is up 256 percent from the all-time low that was set back in December. If the current trend continues (a big “if”), it’s entirely possible that by the end of this year inventory will be at its highest point since 2011.
NWMLS: Listings surge as sales and prices soften a bit
The big news in this month’s numbers is yet again the big bump in total on-market inventory. That said, prices look like they’re beginning to soften as well, which is unusual for what is normally the hottest time of year for price gains.
Inventory rose twenty-eight percent from May to June, and was up forty-three percent from last year. We’re definitely forming an interesting trend now. This year has seen listings building up a lot faster than any recent year. Meanwhile, sales are softening…