Back from my busy week of travel and recharged over the Easter weekend, it’s time to post the March roundup. As usual, let’s kick things off with Seattle’s #1 real estate cheerleader, Ms. Rhodes, with her fawning article about all about how great and wonderful it is that median prices increased last month. After stalling…
Tag: NWMLS
Sound Familiar? Sales Down, Listings Up.
March numbers from the NWMLS are available, and I managed to get a bit of a break before I head back from Chicago, so here comes the data. March King County SFH summary: March 2007Active Listings: up 33% YOYPending Sales: down 11% YOYMedian Closed Price: $454,950, up 12% YOY After an unusual YOY increase in…
Sales Up, Inventory Up More, Prices Flat
February statistics from the NWMLS have been posted. As is the custom, the Seattle Bubble Spreadsheet has been updated and uploaded. Some of my guesses for King County were fairly close, with the notable exception of Pending Sales (Res), which shot up to 2,375. That’s +7.66% YOY, ending the 15-month streak of declining YOY sales….
Our Present Real Estate Cycle
Just for kicks, let’s take another look at the home price YOY change graph that I posted on Wednesday. Click to enlarge I noted that the downward curve on the right that represents the last nine months looks fairly steep. But just how steep is it, compared to the rest of the graph? In order…
Guess What? Inventory Up, Sales Down.
An inside source has supplied me with the latest NWMLS statistics, and they tell exactly the story you would expect if you’ve been paying any attention at all during the prior nine months. For what is now the tenth month in a row, inventory was up and sales were down YOY. In fact, sales have…