Here are a few relevant news stories that have popped into my inbox in the last few days: Associated Press: Wash. revenue down, but recession may be softening Seattle P-I: Housing recovery depends on jobs, banker says Associated Press: Wash. unemployment rate stayed same in April Tacoma News-Tribune: Turning little boxes into living space Everett…
Tag: pending
Recent Spike in “Pending” Sales Due to Change in Definition?
At the risk of beating a dead horse, I feel we must revisit the “pending” issue once more. This time, we’ll take it from the top. Prior to June of last year, a “pending” sale in the NWMLS system was defined as a sale in which an offer had been accepted, inspection and/or feasibility studies…
One in Three Q1 Pending Sales Failed to Close in 30 Days
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,…
One in Four Pending Sales Failed to Close in Q4
Now that 2008 Q4 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. In Q2, 15.9% of pending sales fell through. In Q3, it was 20.7%. Below is the updated chart including 2008 Q4. It shows quarterly King County SFH pending sales volume from…
One in Five Pending Sales Failed to Close in Q3
With Q3 + 1 month now behind us, it’s time to take another look at the relationship between pending and closed sales. Recall that in Q2, a record-setting 15.9% of pending sales had fallen through and never showed up as closed sales. Here’s an update. The graph below shows quarterly King County SFH pending sales…