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Inventory Up, Sales Down (Sound Familiar?)

December stats are available from the NWMLS. Here’s a summary of the “residential” figures: Active Listings: up 23% YOYPending Sales: down 9% YOYMedian Closed Price: $440,000, up 12% YOY. I’ll update this post later today with the usual graph and links to the updated spreadsheet and the NWMLS pdfs. Update: Sorry about the delay. Here’s […]

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November: Inventory & Sales Trends Continue

The November NWMLS statistics have been published, and overall they came in pretty close to what I predicted a week ago. Here are the vital statistics for King County, along with my predictions: [Statistic: Predicted, Actual]Med. Closed Price (Res): $435,000, $435,000Med. Closed Price (Condo): $260,000, $272,950Active Listings (Res): 7,250, 7,040Pending Sales (Res): 2,000, 1,985 As […]

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New Number Crunching: Price Breakdowns

With great thanks to Alan (aka PugetHouse), I have added a new weapon to Seattle Bubble’s statistical war chest: price breakdowns.* It is fairly common knowledge that although it is the most convenient indicator to discuss, the median sales price does not give a very complete picture of the changing housing market. Price breakdowns, i.e. […]

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Inventory Eases (Very) Slightly In October

The NWMLS has posted October statistics. Although residential (excludes condo) inventory did indeed follow its usual October downward course, the decrease of less than 1% of listings was the smallest since at least 2000 (I don’t have reliable inventory statistics further back). The YOY increase in inventory stands at almost 31%—a new record—while the YOY […]

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Demand Down, Supply Up, Prices Dip

It’s that time of the month again. Time for fun with numbers. September figures from the NWMLS have been posted. King County Residential inventory jumped even more than I was expecting, up 28.79% from last year. Sales tanked nearly 20% from August, and are down 20.59% from last year. Median sales price for single-family homes […]

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Trend Marches On: Supply Up, Demand Down

August figures from the NWMLS have been posted. Inventory continued its climb, up 23.91% from last year, while sales were up slightly from July, but still down 13.29% from last year. Median sales price for single-family homes in King County was unchanged from last month, at $435,000. As is traditional, I have uploaded an updated […]

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July: Inventory Up, Sales Down (Yet Again)

Well I waited all weekend for the NWMLS “recap” pdf to be posted, and it’s still not up. In the mean time, here are the pertinent numbers for King County (residential only), pulled from the summary sheet, which has been posted. Active Listings: 6,909 (+ 19.29% YOY)Pending Sales: 2,665 (– 13.08% YOY)Median Closed Price: $435,000 […]