The New Normal: 25 Percent of Pending Sales Don’t Close

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 from March, April, and May and […]

Nearly One in Four Pending Sales Did Not Close in Q1

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 first quarter numbers below represent pending sales from December, January, and February and […]

Link Roundup: Housing Market Strength Evaporating

It’s been a while since I’ve posted a good link roundup, and since I’ve seen a number of related stories pop up in the last couple of weeks, I thought it was a good time for one. While the housing market was definitely on fire last year, with respect to bidding wars and home price […]

One in Five Pending Sales Failed to Close in Q4

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 fourth quarter numbers below represent pending sales from September, October, and November and […]

Fewer Pending Sales Failed to Close in Q3

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 third quarter numbers below represent pending sales from June, July, and August and […]

One in Four Pending Sales Still Not Closing

It’s been quite a while since we last had a look at the percentage of pending sales that turn into closed sales, so let’s refresh that chart and take a look a the latest data. This particular series is fairly noisy when you look at it with monthly granularity, so for this post I’ve rolled […]

Nearly Half of New Listings Pending in Two Weeks

Full disclosure: The Tim is employed by Redfin. Redfin released February housing market data last week, so let’s take a look at the rate at which new listings are going under contract in two weeks or less in the Seattle area, compared to San Francisco and the national rate: I was concerned when this number […]