Now that 2009 Q1 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. For previous posts on this subject, hit the ‘pending’ tag archive. Below is the updated chart including 2009 Q1. It shows quarterly King County SFH pending sales volume from the NWMLS,…
Tag: NWMLS
NWMLS: Huge Gap Opening Between Pending and Closed Sales
It’s time for April market statistics from the NWMLS. Here’s the NWMLS press release: Pending sales in Western Washington rise with improved affordability, buyer incentives Northwest Multiple Listing Service members reported pending sales for April surged 11.4 percent compared to twelve months ago – and rose 21.3 percent from March. Brokers reported 6,918 pending sales…
Seasonally Adjusted Active Supply: A New Measure of Market Virility
With the increasing disparity between pending and closed sales, using “Months of Supply” as it is traditionally calculated to provide a measure of market “strength” is becoming more and more misleading. In order to address this issue, I have devised a new measure of market vitality: Seasonally Adjusted Active Supply (SAAS). To determine the SAAS,…
March Neighborhoods Months of Supply Update
[Note: Stay tuned to this space next month, when we’ll be introducing another round of sweet Tableau charts.] Here’s your look at March’s “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a…
Puget Sound Counties Interactive March Update
It’s time for our regularly-scheduled check on NWMLS statistics from around the sound. But wait, there’s more! In place of our usual boring static charts, this month we are proud to introduce interactive data visualizations from Tableau Software. As usual, all of the underlying data and the old charts can be downloaded in Excel 2007…