Market Heated Up in October as Inventory Collapsed

Full disclosure: The Tim is employed by Redfin. Redfin released October housing market data today, 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: Yikes! That’s a big spike in Seattle […]

Over a Third of New Listings Pending in Two Weeks

Full disclosure: The Tim is employed by Redfin. Last week Redfin released September housing market data, so let’s take a look at the rate at which homes are going under contract in two weeks or less in the Seattle area, compared to San Francisco and the national rate: No big change in the relationship between […]

Follow-Up: Offers 2012 Are Finally Slowing, Just a Bit

Full disclosure: The Tim is employed by Redfin. Last month I posted a comment from a reader who observed that offers appeared to be slowing down from their torrid spring pace. At the time I pointed out that there was “no slowdown as of the end of May” in the data. Well, last week Redfin […]

Reader Comment: Offers Appear to be Slowing Down

I received the following email from a reader who has been shopping for homes this spring in North Seattle: This is just a note from the open house circuit. Houses in North Seattle are on the market a little longer than a few weeks ago. They are taking 7-15 days to show ‘pending.’ A few […]

The Problem with Real Estate Reporting

I was browsing Google News this morning and came across the headline combo you see below: What a perfect example of the problem with most real estate reporting. Same data, polar opposite headlines. Reporters telling the story they want to tell, regardless of what is actually going on in the market. So did pending sales […]

Are Even More Pending Sales Falling Apart?

There was a national story that circulated late last month that caught my interest, claiming that “Exceptionally large numbers of signed real estate contracts fell apart last month.” Here’s a brief excerpt: Economic uncertainty leads to canceled home contracts Are homebuyers walking away in droves from the contracts they’ve signed? Or are they essentially fouling […]

One in Four Non-Distressed Homes Pending in 2 Weeks

I ran some numbers last week that I thought might be interesting to share here. The question I was trying to answer was “how many homes are selling quickly in today’s market?” So I pulled some data on listings to find out what percentage of listings that came on the market in a given week […]